Policy consultations on the mechanism of direct power purchase agreement between customers and renewable energy producers

This was the main topic of the Public Consultation Workshop on Direct Power Purchase Agreement (DPPA) Design and Pilot Planning for Vietnam, which took place on June 12, 2019 in Hanoi.

US Ambassador to Vietnam Daniel J. Kritenbrink spoke at the Workshop. Photo source: USAID Vietnam

The Workshop was co-organized by the Ministry of Industry and Trade of Vietnam and the United States Agency for International Development (USAID).

US Ambassador to Vietnam - Mr. Daniel J. Kritenbrink expressed his expectation that through the Conference, many valuable comments would be collected for the early completion and pilot implementation of DPPA in Vietnam.

Mr. Daniel J. Kritenbrink emphasized: “DPPA will allow Vietnam to achieve renewable energy goals soon by attracting foreign investment, thereby meeting the needs of many leading businesses in the world who want to expand their operations in Vietnam”.

Mr. Christopher Abrams, Acting Director of USAID Vietnam, said that the new policy will allow businesses to procure electricity directly from private companies producing renewable energy and enable them to power their operations with 100% renewable energy. Therefore, DPPA will be a great opportunity for renewable energy developers to mobilize private financial resources to develop industrial-scale renewable energy power plants.

During the development of DPPA, the Electricity Regulatory Authority of Vietnam (Ministry of Industry and Trade) has conducted consultations with financial institutions, investors, Vietnam Electricity, private power producers, potential investors, etc.

Mr. Nguyen Anh Tuan - Director of the Electricity Regulatory Authority of Vietnam (Ministry of Industry and Trade) said that policies of the Government of Vietnam always encourage and attract domestic and foreign investors. The development of such a mechanism is to meet the demand of using clean energy of businesses, in line with the general trend of the world on sustainable development commitments.

Since 2017, the Vietnam Low Emissions Program (V-LEEP) of USAID has supported the Electricity Regulatory Authority of Vietnam (Ministry of Industry and Trade) to study this new policy in Vietnam. Currently, the two parties have been actively building a program for DPPA pilot implementation, and submitting it to the Government for approval so that it can be put into practice by the end of 2019.

  • 12/06/2019 10:21
  • evn.com.vn