Planning for the deployment of the BOT thermal power plant project in Vietnam

Planning for the deployment of the BOT thermal power plant project in Vietnam​ (Illustrative image)

According to the provisions of Article 6 of Circular 23/2015/TT-BTC, the preparation of the BOT project plan is carried out as follows:

1. Within 30 days from the date of signing the MOU, the BOT investor must prepare a detailed project implementation plan to be submitted to the General Department of Energy for review and agreement. The contents of the detailed project implementation plan include:

- Preparation and approval of the Construction Site Master Plan for the Power Center (if any): Date of submission of the Master Plan; date of approval of the Master Plan;

- Preparation and approval of FS, including: Date of submission of FS; date of approval of FS;

- Plan for negotiating the BOT Contract and related documents, including: date of PA negotiation; date of PA signing; expected start date of round 1 negotiation; expected end date of round 1 negotiation; expected start date of round 2 negotiation; expected end date of round 2 negotiation; schedule for negotiating related documents: PPA, LLA, design package contract, equipment, materials and construction supply contracts, and fuel supply contracts; date of signing the investment agreement; date of submitting the application for Investment Registration Certificate; date of official signing of the BOT Contract documents;

- Financial closing date;

- Commencing and construction, including: official project commencement date; commercial operation date of each unit; commercial operation date of the entire plant.

2. Within 15 working days from the date of receiving the detailed plan, the General Department of Energy shall respond in writing.

More details can be found in Circular 23/2015/TT-BCT, effective from July 13, 2015.

Thuy Tram

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