Industry ministry to submit new solar power price scenarios in Sept.
Industry ministry to submit new solar power price scenarios in September
The Ministry of Industry and Trade will submit to the Government new scenarios for solar power prices in two regions on September 15 based on recommendations it received after presenting its proposal on the matter to the Government’s standing board on July 31.
Solar panels on the roof of the headquarters of the EVN Central Power Corporation (Photo: VNA)
Hanoi (VNA) – The Ministryof Industry and Trade will submit to the Government new scenarios for solarpower prices in two regions on September 15 based on recommendations the ministry received after presenting its proposal on the matter to the Government’s standingboard on July 31.
Deputy Minister of Industry andTrade Do Thang Hai released the information at the regular Government pressconference on August 1.
He said the new prices of solarenergy will be set based on levels of solar radiation of regions instead ofthe current single price of 9.35 US cent per kWh.
In the previous scenarios, theministry proposed four levels of prices corresponding to four ranges of solarradiation. Based on recommendations from ministries, sectors and the Government’sstanding board, it later changed to two levels of prices for two regions, oneof which comprises six provinces with high solar radiation (including BinhThuan, Ninh Thuan, Dak Lak and Phu Yen) and the other covers all the remaining localities. Accordingly, the price of solar power in the first region is projected at 1,916VND (8.38 US cent) per kWh, and 1,758 VND (7.09 US cent) in the second region.
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Solar panels on the roof of the headquarters of the EVN Central Power Corporation (Photo: VNA) 
