MoIT touches on wind power bóng đá bet88 electricity prices at press conference

Investors in wind power projects will be selected through a bidding process in the future bóng đá bet88 the price determination for such projects will be based on the principle of negotiation between the investor bóng đá bet88 the power buyer bóng đá bet88 within the price bracket prescribed by the Ministry of Industry bóng đá bet88 Trade (MoIT), Mr. Hoang Tien Dung, Director General of the Energy & Renewable Energy Authority (EREA) at the MoIT, told a recent ministry press conference.

He added that many investors have made great efforts to ensure wind power projects remain on schedule in order to enjoy preferential prices under Decision No. 39 from the Prime Minister. However, under the Decision, the fixed feed-in-tariffs (FITs), which are VND1,927 (>376_word_end<.085) bóng đá bet88 VND2,223 (>376_word_end<.098) per kWh for onshore bóng đá bet88 offshore projects, respectively, are applied to those wind power projects that will be put into commercial operation prior to November 1, 2021. The EREA is now researching a new mechanism on wind power bóng đá bet88 will report to the government shortly.

Regarding the electricity price in 2021-2022, the MoIT will continue to monitor the situation regarding electricity production bóng đá bet88 business, changes in power system loads, bóng đá bet88 input parameters to comply with regulations, according to Mr. Tran Tue Quang, Deputy Director General of the ministry’s Electricity Regulatory Authority of Vietnam.

Deputy Minister of Industry bóng đá bet88 Trade Do Thang Hai added that in the context of Covid-19 posing a range of difficulties for businesses bóng đá bet88 citizens, there will be no increase in electricity prices during the period.

As to whether electricity prices will be reduced further, the ministry will work with Electricity of Vietnam bóng đá bet88 the Commission for the Management of State Capital at Enterprises in this regard.