Funds for formulation, appraisal, approval and publication of hydropower planning in Vietnam

Funds for formulation, appraisal, approval and publication of hydropower planning in Vietnam (Internet image)

Article 11 of Circular 43/2012/TT-BCT stipulates that funds for formulation, appraisal, approval and publication of hydropower planning in Vietnam (including adjustment and addition to hydropower planning) are balanced in annual budget plan and other legal mobilized capital resources.

The Ministry of Industry and Trade shall register central budget under yearly plan for the formulation, appraisal and approval, publish the cascade hydropower planning and pumped-storage hydropower planning. The provincial People’s Committee shall register the provincial budget under yearly plan for the formulation, appraisal, approval and publication of small hydropower planning in provincial area.

In addition, the management and use of funds above comply with the relevant provisions of law. Encouraging business to invest in funds and participate in formulation of hydropower planning to develop hydroelectric power after being approved by the state agencies responsible for formulation under the provisions of Clause 3 of Article 5 of Circular 43/2012/TT-BCT. This funding is included in the cost of production of the enterprise but must be in accordance with current regulations on price, cost norm for electricity development planning.

In addition, the hydropower planning must be published within 30 days from the approval day to the agencies, units, organizations and individuals for implementation. The Ministry of Industry and Trade of Vietnam shall publish, guide, monitor and inspect the implementation of the cascade hydropower planning and the pumped-storage hydropower planning approved nationwide. Provincial People’s Committee shall publish, guide, monitor and inspect the implementation of small hydropower planning approved in provincial area.

More details can be found in Circular 43/2012/TT-BCT, which comes into force from February 10, 2013.

Le Vy

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE