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Bidding to determine price of solar power

by VTV423 November 2019 Last updated at 12:00 PM

VTV.vn - At a meeting on Saturday morning, PM Nguyễn Xuân Phúc decided to implement the bidding plan to determine the price of solar power price applied from July 1, 2019.

Accordingly, the PM requested to only apply the fixed incentive tariff for projects / that have signed power purchase contracts and will be going into operation in the following year.

The remaining projects and new projects will then shift to public, competitive bidding to reduce electricity buying prices. The PM asked the Ministry of Industry and Trade to coordinate with ministries and localities to accelerate the construction of the transmission grid / in order to prevent deflation which will be bad for investors.

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