Industry ministry to submit new solar power price scenarios in Sept.
Industry ministry to submit new solar power price scenarios in September
The Ministry of Industry and Trade will submit to the Government new scenarios for solar power prices in two regions on September 15 based on recommendations it received after presenting its proposal on the matter to the Government’s standing board on July 31.
Solar panels on the roof of the headquarters of the EVN Central Power Corporation (Photo: VNA)
Hanoi (VNA) – The Ministryof Industry and Trade will submit to the Government new scenarios for solarpower prices in two regions on September 15 based on recommendations the ministry received after presenting its proposal on the matter to the Government’s standingboard on July 31.
Deputy Minister of Industry andTrade Do Thang Hai released the information at the regular Government pressconference on August 1.
He said the new prices of solarenergy will be set based on levels of solar radiation of regions instead ofthe current single price of 9.35 US cent per kWh.
In the previous scenarios, theministry proposed four levels of prices corresponding to four ranges of solarradiation. Based on recommendations from ministries, sectors and the Government’sstanding board, it later changed to two levels of prices for two regions, oneof which comprises six provinces with high solar radiation (including BinhThuan, Ninh Thuan, Dak Lak and Phu Yen) and the other covers all the remaining localities. Accordingly, the price of solar power in the first region is projected at 1,916VND (8.38 US cent) per kWh, and 1,758 VND (7.09 US cent) in the second region.
The ministry’s statistics showedtotal solar power capacity of proposed projects has added up to 25,000 MW andthat of wind power 16,500 MW. As of the end of June, 89 solar power plants hadbeen commissioned with total capacity of nearly 4,500 MW. At present, nearly400 solar power projects are waiting to be added to the power developmentplans, but they face hurdles posed by the new Planning Law which took effect onJanuary 1 this year. -VNA
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Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023, according to the Ministry of Industry and Trade (MoIT).
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The central province of Phu Yen began construction on the second stage of the first solar-powered public lighting system for Tuy Hoa city’s walking street, which will make it the first urban area in central Vietnam lit by renewable energy.
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The Ministry of Industry and Trade is drafting a scheme on diversifying imported raw material sources for domestic production, with feedback from industry associations and businesses being incorporated into concrete proposals and support policies.
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The event took place within the Vietnam–RoK Economic Forum which is part of the Vietnamese leader’s state visit to the RoK. The documents span areas including energy, digital infrastructure, manufacturing, logistics, tourism, finance, and high-quality personnel training.
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Export value to Thailand reached 33 million USD in the first six months, accounting for 10% of Vietnam’s total squid and octopus export revenue and making Thailand the country’s fourth-largest single export market.
Large-scale projects invested by Korean investors in strategic sectors such as semiconductors and energy are poised to give a strong boost to foreign direct investment (FDI) inflows into Vietnam, creating momentum to attract more high-value projects from global investors.
The recent administrative merger offers a unique opportunity to establish a unified and synchronised logistics system, turning the Southeastern Key Economic Region into a high-performing hub for trade, investment, and marine economy.
Solar panels on the roof of the headquarters of the EVN Central Power Corporation (Photo: VNA) 
