The low selling prices that the government set for wind energy cannot encourage the investment in the renewable power sector.
To Hoai Dan, Chair of Cong Ly Construction, Trade and Tourism Company Ltd, has sighed with relief after a long period of waiting in hope, as the government has approved the new electricity price for the Bac Lieu wind power project developed by Cong Ly.
Dan said the government has agreed on the cent9.8 per kwh electricity price Cong Ly plans to sell to the Electricity of Vietnam (EVN), the only wholesale buyer in Vietnam.
The level is lower than the cent12 per kwh proposed by the investor, but it is cent2 per kwh higher than the price stipulated before by the government in the Decision No. 37 on the mechanism to support wind power projects.