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Eighteen renewable energy projects join national grid

VGP - Eighteen entire and partial renewable energy projects with a combined capacity of over 952MW have been connected to the national grid, according to the Electricity of Viet Nam (EVN).

August 16, 2023 11:52 PM GMT+7
Eighteen renewable energy projects join national grid - Ảnh 1.

Illustration photo

The renewable energy projects make up 0.4 percent of the total electricity supplied to the national grid on a daily basis.

The cumulative electricity output from these renewable power projects, starting from the date of commercial operation up to August 10, is estimated at 268 million kWh.

As of August 11, nearly 93 percent of the transitional renewable power projects have sent their documents to the Electricity Power Trading Company (EPTC) under EVN for pricing talks and power purchase agreements.

However, there are six projects, totaling 285 MW, which have yet to provide their paperwork.

Among these projects, 67 have proposed initial prices set at 50 percent of the price ceiling established by the Ministry of Industry and Trade.

The proposed prices range from VND754 to VND908, exclusive of value-added tax.

EVN started price negotiations and signed power purchase agreements with 59 projects, of which 58 tentative prices have gained approval from the Ministry of Industry and Trade. /.