Procedures for inspection of a contract for provision of ancillary services in Vietnam

10:44, 30/06/2015

Recently, the Ministry of Industry and Trade of Vietnam issued Circular No. 21/2015/TT-BCT regulating the pricing method for electric power system’s ancillary services and the procedures for scrutinizing a contract for provision of electric power system’s ancillary services.

Trình tự kiểm tra Hợp đồng cung cấp dịch vụ phụ trợ hệ thống điện, Thông tư 21/2015/TT-BCT

According to Circular No. 21/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, the sample contract is applicable to the provision of ancillary services for fast boot reserve, cold boot reserve, mandatory maintenance of electric power system security for generation of electricity, between the designated provider of ancillary services and Vietnam Electricity Corporation. Procedures for inspection of a contract for provision of ancillary services are as follows:

- In 05 working days' time upon the parties' affixture of their initial signatures on the contract for provision of ancillary services, Vietnam Electricity Corporation is responsible for sending the draft contract to the Electricity Regulatory Authority for the latter’s inspection.

- In 15 working days’ time upon the receipt of the draft contract, the Electricity Regulatory Authority is responsible for inspecting the contract for provision of ancillary services and consulting.

- Vietnam Electricity Corporation, no later than 30 working days upon the official signing of a contract for provision of ancillary services, is responsible for submitting 01 copy of the contract to the Electricity Regulatory Authority.

View more details at Circular No. 21/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from August 07, 2015.

Ty Na

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