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ARTICLE · 13 JULY 2022

MOIT Proposes New Mechanism To Develop Solar And LNG Power Projects

Duane Morris LLP
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The Ministry of Industry and Trade recently submitted Official Letter No. 3787/BCT-DL to the Prime Minister on the review of some contents of the National Power Development Plan VIII.

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
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The Ministry of Industry and Trade recently submitted Official Letter No. 3787/BCT-DL to the Prime Minister on the review of some contents of the National Power Development Plan VIII. We note below key points in the Letter that would be of interest to developers and investors:

* Solar:

The Ministry of Industry and Trade proposes from now until 2030, to continue putting into operation completed projects or completed parts of projects (total capacity of 452.62 MW) as well as projects included in the previous PDP or projects that obtained approval on investors but not yet operated (total capacity of 1975.8 MW).

The Ministry also noted that these projects need to comply with the legal provisions on investment, construction, closely follow the absorption capacity of the national power system and the ability to release capacity of the power grid; comply with the electricity price mechanism at the time of operation, take responsibility for project efficiency according

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