The projects have a combined capacity of 1,347 megawatts, and they will sell electricity to the government at VND753-908 ($0.032-0.039) per kilowatt-hour before VAT.

Wind turbines in Quang Tri Province.

Another 48 projects have yet to come to an agreement with the government on what the price is.

These projects missed an operation deadline of December 31, 2020 for solar power projects, and November 1, 2023 for wind power projects, and therefore were not eligible for an incentive price that the government had announced to encourage investment in renewable energy.

The temporary buying price is believed to help renewable energy developers to partly recoup their investment after a long time waiting for a decision from the government on the buying price.

The price will only be temporary until the industry ministry determines an official rate.

A developer of four wind power projects in the central highlands said that investors have poured nearly $300 million to complete the projects but have so far received zero revenue from them, while they still have to pay high monthly interest to banks.

Bac Giang ensures power grid safety to serve business production

(BGO) – Vice Chairman of the People’s Committee in Bac Giang province (PPC) Phan The Tuan on February 27 chaired a meeting about power supply and safety for local business production.

Vietnam among world's top 30 powerful countries: US News & World Report

Vietnam has been listed among the world's top 30 powerful countries in 2022 by US News & World Report.

Northern Vietnam forecast to suffer powerful cold spell

A powerful cold spell is forecast to hit the northern and north-central regions from December 17, according to the National Centre for Hydro-Meteorological Forecasting (NCHMF).

Strong purchasing power, demand drive Vietnam’s economic growth: expert

Strong purchasing power and demand have created a fast and strong locomotive for economic growth, and Vietnam is forecast to record a GDP growth rate of over 8% this year, said Executive Chairman of Dragon Capital Dominic Scriven.

Source: VnExpress