MOIT proposes increase of wind power prices

by VTV407 September 2017 Last updated at 16:29 PM

VTV.vn - Recently, the Ministry of Industry and Trade has asked the Government for approval to increase the purchase price of wind power on the coast and at sea.

This proposal is expected to have a positive impact on domestic wind projects. Specifically, the price of wind power at sea approved by the Government will increase from 9.8 cents to 9.95 cents and the purchase price of wind power on the coast was also raised from 7.8 cents to 8.77 cents/kWh.

The Ministry of Industry and Trade said that the increase will not significantly affect the production costs of the power industry. In addition, this new price will remove difficulties for investors. In particular, investors can regain their investment capital / after 1-2 years or more. At present, total capacity of wind power projects in Vietnam is just above 159 MW. This figure is expected to increase to 456 MW by 2018 and 800 MW by 2020.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2017-11-22 18:19 UTC

WEATHER FORECAST

Today - Wednesday Nov, 22
Cloudy
16/20
Thursday Nov, 23
Cloudy
16/18
Friday Nov, 24
Cloudy
13/16
Saturday Nov, 25
Cloudy
13/18
Sunday Nov, 26
Mostly Cloudy
16/20
Monday Nov, 27
Partly Cloudy
16/24
Tuesday Nov, 28
Partly Cloudy
17/25
Wednesday Nov, 29
Partly Cloudy
20/27
Thursday Nov, 30
Mostly Cloudy
21/27
Friday Dec, 01
Mostly Cloudy
21/26