03 requirements for starting and executing the wind power project construction in Vietnam

18:44, 21/01/2019

Recently, the Ministry of Industry and Trade of Vietnam issued Circular No. 02/2019/TT-BCT on wind power project development and power purchase agreement for projects thereof.

According to Circular No. 02/2019/TT-BCT of the Ministry of Industry and Trade of Vietnam, the wind power project shall only be started and executed when it satisfies the requirements of the law regulations on construction investment management, requirements for environmental protection and the following requirements:

- The application for construction design shall be appraised and approved;

- Power Purchase Agreement signed with the Power Buyer;

- Have a financial contract and a funding commitment, with the aim to ensure that the construction progress is accelerated in accordance with the approved work investment project.

Also according to Circular No. 02/2019/TT-BCT, the work or work item shall be brought into use after being inspected and after the inspection is checked.

More details can be found in Circular No. 02/2019/TT-BCT of the Ministry of Industry and Trade of Vietnam, which takes effect from February 28, 2019.

- Thanh Lam -

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