The Ministry of Industry and Trade (MoIT) and the German Development Agency held a workshop on “Guiding the process of planning and development investment for wind power sector in Vietnam” on June 3 in Hanoi.
Pham Manh Thang, head of Energy Department under the MoIT said the ministry finalised the draft plan for the development of wind power sector and is waiting for the prime minister’s approval.
According to the draft, the wind power will be sold to Electricity of Vietnam (EVN) at the fixed price of 1,317 dong/kWh (6.8 cent).
In addition, the investors will receive 185 dong/kWh (1 cent) subsidy from the state budget with a grace duration of 20 year, enjoy exemption on the import tax of machineries, equipments, enjoy the preferential corporate income tax (CIT) at 10 percent for lifelong projects, enjoy the exemption on land using tax for the whole projects.
According to the report from Energy Department, Vietnam now has 42 wind power projects in 12 provinces (mainly in the central, highland and southwest region of Vietnam) with a total capacity of 3,906 MW. Of which, one third of the number of projects has attracted the participation of foreign investors like Germany, Canada Switzerland and Argentina.
Currently, the wind power project of REVN Co in the central province of Binh Thuan with 20 turbines has been installed successfully, of which 12 ones have started operation.