Strong DPPA scheme desired
The Minister of Industry and Trade is likely to sign a draft circular regulating a pilot project for electricity purchases and sales between renewable energy generators and consumers under direct power purchase agreements. However, while the ministry is gaining support from some organisations, experts advise designing the schemes in an appropriate manner.
Authorities are pinning hopes on the piloting of a direct purchase model to keep Vietnam on the right track of renewable use and sustainability
The reacquisition of a 49-per-cent stake in Trung Nam Thuan Bac solar power plant by A Chau Industrial Technology JSC is considered key to ensure a long-term revenue source. The plant, which began operations two years ago, has the total investment capital of $217.4 million and a capacity of 204MW. Each year the solar power plant provides a maximum power output of 450 million kilowatt-hours, with a selling price of 9.5 US cents per kWh over 20 years.