Following the Government of Vietnam (GOV)’s recent decision to transit from a feed-in tariff (FIT) to a competitive auction mechanism for solar power projects, Vietnam Electricity (EVN) issued Official Letter No. 541/EVN-TTD on 4 February 2020 to submit proposed auction plans. This official letter is prepared by EVN based upon a report by the World Bank (WB) on Vietnam solar competitive bidding strategy and framework.
On 15 November 2019, the Ministry of Industry and Trade issued Circular No. 29/2019/TT-BCT amending some articles of Circular No. 32/2014/TT-BCT (Circular 32) on avoided cost tariff (ACT) mechanism for small hydropower projects and annulling Circular No. 06/2016/TT-BCT (Circular 06). This new circular has taken effect since 01 January 2020.
Click here to read the full article of those legal updates prepared by Lexcomm Vietnam LLC.
Hoang Le Hang
Business Development Manager
Tel: +84 24 3971 0888