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Power Development Plan 8 – PM Urges To Get It Issued – Renewables



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On 11 August 2022, in the conference between Government and
enterprises, the Minister of the Ministry of Industry and Trade
(MOIT) Nguyen Hong Dien urged the Prime Minister to promptly
approve the PDP8 draft. In addition, Mr. Dien also proposed to
terminate all FIT regulations for solar/wind power at Decision 13,
Decision 37 and Decision 39 so that EVN could negotiate the market
power price of all transitional renewable projects with
investors.

DPM Le Van Thanh pointed out several issues of current PDP8
draft as follows: (i) the power sources in regions are poorly
allocated and as a result it creates relatively high power
transmission costs, (ii) renewable sources ratio is too high (some
dozen percentage) while comparing with the averaged ratio of 3% for
renewable power sources in the other countries (NB: he also
mentioned that the solar power sources have caused the curtailment
issues for other sources such as hydropower and thermal power),
(iii) MOIT must carefully review and propose the final draft within
this week for the Government’s discussion.

Prime Minister Pham Minh Chinh instructed that it is encouraged
for renewable power projects to be implemented but the price must
be appropriately adjusted. PM Chinh argued that the FIT for
renewable power projects is approx. 2 times of price for other
sources. He seriously said that the PDP8 must be for the national
interest and not for any group’s or self-interest.

The link for the relevant article in Vietnamese is at:
https://tuoitre.vn/quy-hoach-dien-8-thu-tuong-yeu-cau-khong-chay-theo-loi-ich-nhom-20220811124321226.htm;

Please do not hesitate to contact Dr. Oliver Massmann under
omassmann@duanemorris.com if you have any questions or want to know
more details on the above. Dr. Oliver Massmann is the General
Director of Duane Morris Vietnam LLC.

Disclaimer: This Alert has been
prepared and published for informational purposes only and is not
offered, nor should be construed, as legal advice. For more
information, please see the firm’s

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