The Ministry of Industry and Trade stressed the need to review direct power purchase agreements and new energy mechanisms to ensure transparency, feasibility and support for Việt Nam’s renewable energy transition.
A survey conducted by the MoIT at the end of last year found that approximately 20 large companies were interested in purchasing electricity directly, with a total demand of nearly 1,000 MW.
In the event Vietnam Electricity (EVN) and investors fail to produce a consensus, the prices will be determined by the Ministry of Industry and Trade with consideration given to fair competition for other sources of electricity.
