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| Two men work on a power line in HCMC in a file photo. Wind power is now supplied to the national grid but regulations on wind power selling prices are not yet out - Photo: TL |
Le Tan Phong, deputy director of the ministry’s Department of Energy, told the Daily on Tuesday that the decision would likely be submitted to the Government within this week for final approval.
He declined to elaborate on the draft decision, but another official said the selling price would likely be raised to 8 U.S. cents a kWh compared to the current 5.5 cents. That will be a strong boon for investors engaging in wind-power projects, said Ho Son Hung, deputy director of the Department of Industry and Trade of Binh Thuan Province, where several wind-power projects are being planned.
Hung said that according to the latest suggestions by the province for the drafted decision, “the selling price of wind power could be set at about 8 U.S cents per kilowatt hour, with a subsidy from the State.
“This price would be encouraging enough for investors to spend their money to develop more wind power projects in the coming time.”
He also noted that many wind power investors have grown impatient in recent years due to the absence of a concrete decision on the selling price of the wind power.
By this time, Binh Thuan authorities have approved a total of 12 projects of wind power development. One such project located in Binh Thuan’s Tuy Phong District has lately generated power to the national grid, although the selling price has not been settled between the investor and Electricity of Vietnam Group, or EVN.
Tran Viet Ngai, chairman of the Vietnam Energy Association told the Daily early this week that the Government should have more preferential policies for the development of wind and solar power. Particularly, investors of renewable energy have repeatedly asked for higher selling prices of power generated from wind and solar sources.
Referring to the above-mentioned wind power project in Binh Thuan, Ngai said, the 7.5MW plant was already supplying power to the national grid, the wide gap remained between the developer and EVN.
“That is because the investor wanted to sell power at 11 U.S. cents per kWh while EVN wanted it to be only 5.5 cents,” said the chairman of the association.
Experts said the country has huge potential to develop as much as 5,000MW of wind power.
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