[ad_1]
HANOI, Sept 13 (Reuters): Vietnam has lower the utilisation fee of energy produced at its largest photo voltaic farm by 40% because of the lack of a pricing mechanism in place, authorities have confirmed, in a transfer that could possibly be a blow to the nation’s drive to extend the usage of renewable power.
The facility buying and selling unit of state-owned utility EVN had lower the utilisation fee to 278 megawatts (MW) from 450 MW on the Trung Nam – Thuan Nam solar energy plant within the province of Ninh Thuan, the federal government stated in a information launch.
Vietnam, which final 12 months pledged to develop into carbon-neutral by 2050, is looking for to extend its put in energy era capability with a deal with renewables.
The EVN unit stated the utilisation lower efficient from Sept. 1 was because of the “lack of a pricing mechanism”, in accordance with a letter reviewed by Reuters that was despatched to the developer of the ability plant, Trung Nam Group.
“We can’t utilise the portion of put in capability for which a feed-in tariff hasn’t been accepted by authorities,” EVN deputy chief government Nguyen Anh Tai stated within the authorities’s information launch.
The present pricing mechanism, at 9.35 U.S. cents per kWh, is relevant just for the primary 2,000 MW of photo voltaic capability within the province.
Trung Nam in a separate letter had requested the ministry of trade and commerce and EVN to renew full utilisation of the photo voltaic farm.
Resuming full utilisation would assist the investor cowl its funding price and “keep away from chapter”, in accordance with the letter reviewed by Reuters.
Vietnam’s renewable power builders continuously face considerations about native laws and their relationship with EVN, stated Hanoi-based power analyst Nguyen Thanh Son.
“The federal government must separate the ability transmission operations from EVN and rapidly marketize the electrical energy sector.”
U.S. local weather envoy John Kerry stated final week in Hanoi that Vietnam’s utilisation fee of put in renewable power sources was too low.
EVN in March urged individuals to avoid wasting power because it warned of electrical energy shortages as a result of tight coal provides. – Reuters
[ad_2]
Source link
