Central province wants wind power incentives extended
The central province of Ninh Thuan wants the deadline for incentive feed-in tariffs for wind power to be extended by five months to enable the completion of more plants.
The Nov. 1 deadline should be put off until the end of March, provincial leaders said at a meeting with National Assembly chairman Vuong Dinh Hue last weekend.
He expressed support for the proposal and called on the government to consider the possibility, pointing out it would also serve to revive the economy post-Covid-19.
To encourage development of renewable energy, the government had fixed a feed-in tariff of 9.8 cents per kilowatt-hour for offshore projects and 8.5 cents for onshore projects going on stream until Oct. 31 this year.
According to data from national utility Vietnam Electricity (EVN), 84 projects met the deadline, but 62 did not.
Since Ninh Thuan is a renewable energy hub and has one of the fastest-growing economies this year, Hue said that should be “special” policies for the province to foster growth.
By Anh Minh – VnExpress.net – November 8, 2021