Wind farms that offer economic efficiency and plan to connect with the
national grid could be given priority status by the Government as it seeks to
modernize the nation's energy supply.
The Ministry of Industry and
Trade has issued circular No 32/2012/TT-BCT on Wind Energy Projects and a
template Contract on buying and selling for wind energy.
Under the circular, the Energy
General Department has to submit an annual report on November 30, on the number
of wind farms which are scheduled to generate electricity in the next five
years.
These wind farms must be in
alignment with the national energy sector's development and priorities will be
given to those with high economic and financial efficiency, as well as plans to
connect with national or regional grids.
The ministry requests that
project owners follow its guidelines and stipulates that capital investment
from a project owner must exceed 20 per cent of the project total investment.
The provincial people's
committees will be the sole authorities to grant licences after getting
approval from the ministry.
However, a project's licence will
be revoked if the project fails to start within 12 months of the licence being
issued.
In addition, the wind farm must
produce electricity within 24 months, an agreement the project owner commits to
in the licence application.
During the operation, on May 31 every
year, the project owner has to file a report on their energy yield for the
previous year and plans for the following year to the Energy General
Department.
The energy tariff will be worked
out between the Department and the project owner before October 30 annually.
VIR/VNA
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd (SBC), Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. Since we are currently changing the platform of www.yourvietnamexpert.com, if any request, please, contact directly Dr Christian SIODMAK, business strategist, owner and CEO of SBC at christian.siodmak@gmail.com. Many thanks.
No comments:
Post a Comment