Legal Counselling

Vietnam’s Circular 19: Guidance on conclusion of a power purchase agreement and language therein

16:15, 22/06/2014

On June 18, 2014, the Minister of Industry and Trade of Vietnam issued Circular No. 19/2014/TT-BCT issuing the Power Purchase Agreement (PPA) for domestic use.

Conclusion of agreement and language in the agreement are guided by Circular No. 19/2014/TT-BCT of the Ministry of Industry and Trade of Vietnam as follows:

- At an electrical delivery point

+ The Buyer being a household using a family register or a temporary residence register to apply for electrical delivery shall conclude only 1 Agreement.

+ If the family register/temporary residence register are unavailable, only one of the following papers is accepted for purchase of power: Certificate of ownership towards housing or the decision of house division; valid house purchase contract; land use right certificate (on land with housing construction); authorization of management and use of house that is notarized or certified. All of such papers shall be used for conclusion of only 1 Agreement.

+ The Buyer is the person who leases housing to fulfill regulations on power selling price regulated by the Ministry of Industry and Trade.

+ Multiple households sharing power supply may conclude 01 agreement as one Buyer; price for such Buyer will be calculated according to Regulation on power selling prices of the Ministry of Industry and Trade.

+ Language of the Agreement shall be Vietnamese.

View full text at Circular No. 19/2014/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from August 05, 2014.

Thu Ba

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