EVN requested to handle solar power projects due to incorrect pricing

HÀ NỘI — The Ministry of Industry and Trade (MoIT) asked Việt Nam Electricity (EVN) to propose economic solutions for 14 solar power projects enjoying the incorrect FIT pricing mechanism. 1027/KL-TTCP dated April 28 this year of the Government Inspectorate of Việt Nam on the observance of the law in the revised Power Master Plan VII and the revised Power Master Plan VII. The increased amount EVN has to pay due to this incorrect price application is estimated at about VNĐ1.48 trillion (US$62.18 million). The ministry also assigned EVN to report the shortcomings and propose a plan to deal with violations of the investors and EVN. 1027/KL-TTCP of EVN is required to be sent to the Ministry of Industry and Trade before August 31.