Business

Samsung Electronics seeks direct purchase of renewable energy

Samsung Electronics Vietnam is seeking support from the Vietnamese Government to enter into a direct power purchase agreement (DPPA) scheme that will enable it to directly purchase renewable energy from producers, heard a recent meeting between its CEO Choi Joo Ho and Minister of Industry and Trade Nguyen Hong Dien.
Samsung Electronics seeks direct purchase of renewable energy ảnh 1Samsung Electronics Vietnam is seeking support from the Vietnamese Government to enter into a direct power purchase agreement (DPPA) scheme. (Photo: VNA)
Hanoi (VNA) - Samsung Electronics Vietnam is seeking supportfrom the Vietnamese Government to enter into a direct power purchase agreement(DPPA) scheme that will enable it to directly purchase renewable energy from producers,heard a recent meeting between its CEO Choi Joo Ho and Minister of Industry andTrade Nguyen Hong Dien.

Under the pilot scheme, independent renewable energy developers with aninstalled capacity of 30 MW or more are permitted to supply electricitydirectly to private consumers for industrial manufacturing purposes.

The scheme will be conducted nationwide with a limited total size of upto 1,000 MW.

Three or four other major enterprises also want to join the programme.

The Ministry of Industry and Trade (MoIT) plans to pilot the scheme from2021 to 2023 at a scale ranging from 400 to 1,000 MW, according to directorgeneral of the ministry’s Electricity Regulatory Authority of Vietnam (ERAV) NguyenAnh Tuan.

At the end of the trial period, the ministry will conduct a review and determineif the arrangement can be made permanent in 2024, he explained.

The scheme is seen as a win-win mechanism for both power generators andpurchasers as it will enhance competition and help FDI firms access cleanenergy for production.

Once it begins, Electricity of Vietnam (EVN) will no longer be the onlypower distributor in Vietnam./.
VNA
#Samsung Electronics Vietnam #direct power purchase agreement #DPPA #renewable energy #electricity #Vietnam #Vietnam news #Vietnam news agency #Vietnamplus
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