Renewable power investors seek PM’s help to quell fear of financial distress

Thirty-six renewable power investors have petitioned the prime minister to consider addressing pricing-related inadequacies in renewable power development that left 34 solar and wind power plants unable to sell their electricity to state-owned Vietnam Electricity Group (EVN). Six solar power projects have been waiting for a new pricing mechanism for more than 26 months, while 28 wind farms have been waiting for around 16 months. Direct power purchase mechanism proposed To remove obstacles facing the 34 projects, renewable power investors proposed the government leader ask the Ministry of Industry and Trade to study and introduce a new pricing policy for them. Thirty-six renewable power investors have petitioned the prime minister to consider addressing pricing-related inadequacies in renewable power development that left 34 solar and wind power plants unable to sell their electricity to state-owned Vietnam Electricity Group (EVN). They also proposed the prime minister direct relevant ministries and agencies to complete and issue a direct power purchase mechanism which would allow renewable power investors to sell their electricity to those in need.