Wind energy project in Phu Quy Island in the central province of Binh ThuanPhoto: Tuoi Tre |
Wind farms that offer economic efficiency and plan to connect with the
national grid could be given priority status by the Government as it seeks to
modernize the nation's energy supply.
The
Ministry of Industry and Trade has issued circular No 32/2012/TT-BCT on Wind
Energy Projects and a template Contract on buying and selling for wind energy.
Under
the circular, the Energy General Department has to submit an annual report on
November 30, on the number of wind farms which are scheduled to generate
electricity in the next five years.
These
wind farms must be in alignment with the national energy sector's development
and priorities will be given to those with high economic and financial
efficiency, as well as plans to connect with national or regional grids.
The
ministry requests that project owners follow its guidelines and stipulates that
capital investment from a project owner must exceed 20 percent of the project
total investment.
The
provincial people's committees will be the sole authorities to grant licences
after getting approval from the ministry.
However,
a project's licence will be revoked if the project fails to start within 12
months of the licence being issued.
In
addition, the wind farm must produce electricity within 24 months, an agreement
the project owner commits to in the licence application.
During
the operation, on May 31 every year, the project owner has to file a report on
their energy yield for the previous year and plans for the following year to
the Energy General Department.
The
energy tariff will be worked out between the Department and the project owner
before October 30 annually.
Source: Tuoi Tre
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