Electricity sale price of development of grid-connected solar power projects in Vietnam

According to Clause 1 Article 4 of the Circular No. 18/2020/TT-BCT of the Ministry of Industry and Trade of Vietnam, electricity sale price of development of grid-connected solar power projects is as follows:

- Grid-connected solar power projects decided by competent agencies on investment guidelines prior to November 23, 2019 with commercial operation date (completing initial tests for the entire or part of the structure as per the law; issued with power generation permit by competent agencies; the Seller and Buyer shall conclude electricity meter readings for payment) of the entire or part of the project ranges from July 1 , 2019 to December 31, 2020 inclusively shall be applied with electricity purchase schedule for grid-connected solar power under Annex of Decision No. 13/2020/QD-TTg dated April 6, 2020 of Prime Minister approving incentive mechanisms for development of solar power in Vietnam.

- Grid-connected solar power projects in Ninh Thuan province shall have electricity sale price determined based on chronological order of period in which commercial operation date (completing initial tests for the entire or part of the structure as per the law; issued with power generation permit by competent agencies; the Seller and Buyer shall conclude electricity meter readings for payment) of the entire or part of other projects is acknowledged, to be specific:

+ Capacity of the entire or part of the project whose commercial operation date precedes January 1, 2021 affiliated to total cumulative capacity not exceeding 2,000 MW shall be applied with electricity sale price specified under Clause 3 Article 5 Decision No. 13/2020/QD-TTg dated April 6, 2020 of Prime Minister approving incentive mechanisms for development of solar power in Vietnam;

+ Capacity of the entire or part of the project not affiliated to total cumulative capacity of 2,000 MW, having investment guidelines decided by competent agencies before November 23, 2019 and commercial operation date ranges from July 1, 2019 to December 31, 2020 inclusively shall be applied with electricity sale price specified under Clause 1 Article 5 Decision No. 13/2020/QD-TTg dated April 6, 2020 of Prime Minister approving incentive mechanisms for development of solar power in Vietnam.

View more details at the Circular No. 18/2020/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from September 15, 2020.

Thuy Tram

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