Vietnam’s Direct PPA Pilot Scheme
Vietnam’s Ministry of Industry and Trade (MOIT) is seeking to implement a direct power purchase agreement (DPPA) pilot scheme which, for the first time, will enable renewable energy generators to directly sell clean electricity to private offtakers under virtual or synthetic PPAs. Under current electricity regulations in Vietnam, Electricity Vietnam (EVN) has a statutory monopoly over the transmission, distribution, wholesale and retail of electricity and is also the sole offtaker in the market.
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