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ARTICLE · 30 MAY 2020

MOIT Proposes Extension Of Current FiT Rate For Wind Power Projects

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On 8 May 2020, the Ministry of Industry and Trade issued Official Letter No.3299/BCT-DL ("the Letter") on supplementation of wind power projects into the Power Development Planning.

VietnamEnergy and Natural Resources

On 8 May 2020, the Ministry of Industry and Trade issued Official Letter No.3299/BCT-DL ("the Letter") on supplementation of wind power projects into the Power Development Planning.

Notable provisions of the Letter:

1. EVN records a 8,6% increase in electricity demand each year, and suspect the possibility of power shortage, especially in 2023, if the Government doesn't immediately implement measures such as increase development in the renewable energy sector, increase electricity import from countries in the area, etc.;

2. Most thermal power sources are 1-2 years behind schedule, even some projects are delayed by 4-5 years;

3. As solutions for the possible power shortage issue, EVN suggests that the Government promote the development of renewable energy sources and increase electricity import from China;

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