The Prime Minister of Vietnam on April 1, 2024 approved the Plan
for Implementation of National Power Development Plan to 2030, with
a vision to 2050 ("PDP8"). Please kindly find below our
key highlights.
On April 1, 2024, the Prime Minister issued Decision No.
262/QD-TTg approving the Plan for Implementation of PDP8 (the
"Implementation Plan"). Some take-aways:
" The Implementation Plan sets out specific tasks and
assignments for the line ministries to coordinate and implement
PDP8 from now through 2025. For example, it sets out a timeline for
adoption of new prioritized regulations.
" The Implementation Plan does not provide guidelines to
address existing issues and concerns over power project bankability
such as identifying a mechanism for selection of investors, feed-in
tariffs, regulations for encouragement of development of renewable
energy projects or bankable transaction templates.
