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VIETNAM BIOMASS POWER 2026 – THE RACE FOR BANKABLE PPAs _Why Circular 12 Changes The Game For Foreign Investors – And Why Knowing The Institutions And People Behind The PPA Can Determine Whether A Project Reaches Financial Close
Vietnam's biomass power sector is undergoing a fundamental transformation as the country moves toward a sophisticated electricity market where project-specific pricing, negotiated Power Purchase Agreements, and bankability increasingly determine success. For foreign investors, understanding Circular 12's negotiable PPA framework and knowing the specific Vietnamese institutions and decision-makers controlling each approval process can mean the difference between a project reaching financial close or stalling
Duane Morris LLP