In brief
On 21 January 2021, the Electricity and Renewable Energy Authority of Vietnam (EREA) submitted Report No. 20/BC-DL to the Deputy Minister of Industry and Trade in charge. The report requests the Ministry of Industry and Trade (MOIT)’s internal approval of the draft of the Prime Minister’s decision on the selection of investors for grid-connected solar power projects in Vietnam (“
Draft Decision”).
This Draft Decision would apply the selection mechanism on a long-term basis. Bidding rounds will be conducted based on a so-called Renewable Energy Development Plan formulated by the MOIT for each five-year period. A more specific plan will be circulated on a biannual basis.
Shake-up for solar power investment 14:00 | 27/02/2021
The Electricity and Renewable Energy Authority of Vietnam has submitted a report that requests approval of the prime ministerâs draft decision on selection of investors for grid-connected solar power projects in Vietnam. Baker McKenzieâs managing partner Frederick Burke and special counsel Nguyen Thanh Hai outline the main changes and proposed regulations for investors.
Baker McKenzieâs managing partner Frederick Burke and special counsel Nguyen Thanh Hai
The contents of the decision circulated on January 21 is in draft form, while final contents are subject to further reviews by the Ministry of Industry and Trade (MoIT), and consultations with other relevant ministries before the prime ministerâs final signature.