Prime Minister: Will buy all solar power capacity at a reasonable price in connection capacity of each project

Prime Minister: Will buy all solar power capacity at a reasonable price in connection capacity of each project

At the meeting of the Standing Government to discuss solutions to ensure electricity supply, the Prime Minister agreed to the principle of buying all small hydroelectricity and solar power at reasonable prices and on condition of meeting the connecting capacity. grid of each project.

Prime Minister Nguyen Xuan Phuc At the meeting this afternoon (July 15), Prime Minister Nguyen Xuan Phuc stressed that the most important guiding spirit of the Government is to ask the Ministry of Industry and Trade and the electricity sector in any situation not to happen. power shortage for production, business, people’s life in the coming period. The Prime Minister stressed that the Vietnamese energy sector must be self-reliant, less dependent on foreign countries. Vietnam’s electricity industry ensures publicity and transparency in the process of investment, electricity production, development of power sources and power transmission systems; take advantage of renewable energy sources. Electricity of Vietnam (EVN) is responsible for securing electricity. The Vietnam Coal and Mineral Industries Group (TKV), Vietnam Oil and Gas Group (PVN) must also be responsible for actively participating in power source projects; At the same time, we must actively mobilize socialized resources to invest in power development. The Prime Minister frankly pointed out many guidelines and measures that the Standing Government, the Government concluded, had detailed notices but the implementation of many power source projects, especially large-scale projects (expected completed in 2023) has been delayed in the process of causing a shortage of electricity during the period of 2022-2023, even from 2021. Permanent Government has agreed to direct many fundamental solutions for short and long term. However, with many things, the ministries, branches and implementing units are still slow, lack of coordination, embarrassment and avoidance of responsibility. Therefore, the Prime Minister asked the above issues to be reviewed and withdrawn from experience by ministries, branches and units, especially the Party Committee of the Ministry of Industry and Trade, and the State Capital Management Board at enterprises. not to happen like last time. The Prime Minister asked that in the matter of ensuring electricity, the specific responsibilities must be specified; can’t be generic. The Prime Minister agreed that if Vinacomin did not provide enough coal, power plants could be imported coal to ensure power generation. Emphasizing the Ministry of Industry and Trade, EVN is responsible to the Government and the people in ensuring enough electricity, the Prime Minister asked the Ministry of Industry and Trade to preside over, together with EVN, TKV, PVN, the State Capital Management Committee at enterprises synchronously coordinated to supply enough coal and gas for each factory, ending the shortage of coal as happened in the past. The Prime Minister also asked ministries, branches, localities, agencies and units to promote the movement of saving electricity, applying modern technologies with low electricity consumption, striving to have competitive electricity prices when selling markets. retail electricity; actively implement competitive electricity wholesale market roadmap. In addition, the Prime Minister requested the State Capital Management Committee at enterprises and the Ministry of Industry and Trade to quickly resolve and simplify investment procedures with EVN’s power source projects, gas source synchronous projects. , hydropower projects. The Prime Minister stated that the Standing Government agreed to consider the specific mechanism applied to urgent power projects in the coming time. Relevant agencies will soon submit to the Government for consideration of the draft. The Prime Minister agreed on the principle of buying all small hydroelectricity and solar power at reasonable prices and with conditions to meet the grid connection capacity of each project. The Ministry of Industry and Trade is tasked with renewing the method of monitoring the progress of key electricity projects; regularly briefing and promptly reporting to the Government on the progress of these projects; continue to review urgent power projects, need to implement; ensure enough coal and gas supply for power plants; Ministry of Industry and Trade and State Capital Management Committee at enterprises urgently submit plans to handle Thai Binh Thermal Power Project 2. The Ministry of Industry and Trade urgently reports and submits to the Government the issue of Electricity Planning VIII; report related issues Quang Trach Thermal Power Project 1. The State Bank considers the lending mechanism to exceed the credit limit for power source projects. EVN and TKV groups focus resources on completing power projects, not slowing down. The Ministry of Industry and Trade gives priority to directing this issue. Ministries, sectors and localities support to create maximum conditions for power and grid projects; prompt, promptly remove and promptly report on electricity-related issues. Source: Vietnamfinance.vn

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