Foreign investors have been closely monitoring a proposed pilot on the direct power purchase agreements in Vietnam, especially those with a long-term business strategy in renewable energy. However, the country’s limited mechanisms may mean the long-term goals will be difficult to attain.
In Vietnam, new markets are emerging daily as more investors demonstrate attraction for wind power projects, and Power Engineering Consulting JSC 4 (EVNPECC4) is deemed to have strong capability in power grids, renewable energy, surveys, and more. The company’s chairman Le Cao Quyen talked to VIR’s Phuong Thu about the challenges and policy suggestions to develop wind power in Vietnam.