On 10/09/2018 Prime Minister promulgated Decision No. 39/2018/QD-TTg amending and supplementing a number of articles of Decision No. 37/2011/QD-TTg dated 29/06/2011 of the Prime Minister Government on the mechanism to support the development of wind power projects in Vietnam. This decision will take effect from 01/11/2018.
Accordingly, the price of electricity for grid-connected wind power projects in Vietnam has been amended as follows: The buyer is responsible for purchasing all electricity from wind power projects at the purchase price of electricity at the delivery point. electricity as follows:
– For wind power projects in the mainland: The electricity purchase price at the electricity transmission point is VND 1,928/kWh. Electricity purchase prices are adjusted in accordance with the exchange rate of VND/USD;
– For wind power projects on the sea: The electricity purchase price at the electricity transmission point is VND2,223/kWh. Electricity purchase price is adjusted by the exchange rate of VND/USD.
The above purchase price applies to a part or all of the grid connected wind power plants having a commercial operation date before November 1, 2021 and shall be applied 20 years from the date of commencement of commercial operation.
Thus, Decision No. 39/2018/ QD-TTg issued for the purpose of strengthening the support mechanism for investors in wind power projects in Vietnam, thereby attracting investors. This will facilitate the development of clean energy activities in Vietnam in the future.