MoIT approves price framework to purchase electricity from Laos

The maximum price for hydroelectric power is set at 6.78 US cents/kWh, while the price for wind power is 6.4 US cents/kWh.

A power project in operation in Ninh Thuận. — VNA/VNS Photo

The Ministry of Industry and Trade has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.

The maximum price for hydroelectric power plants is set at 6.78 US cents/kWh, down from the current rate of 6.95 cents/kWh.

For wind power, the maximum price is 6.4 US cents/kWh, also down from the current rate of 6.95 cents/kWh.

This price framework applies to power plants operating commercially from December 31, 2025, to December 31, 2030.

Based on this framework, the Vietnam Electricity (EVN) and power generation units will negotiate electricity purchase prices on the principles of mutual benefit and risk sharing, and in accordance with market mechanisms and market prices, ensuring minimal generation costs.

EVN is required to monitor and promptly report to the Ministry of Industry and Trade in case of significant fluctuations in the factors affecting the calculation of electricity import prices from Laos.

According to the Memorandum of Understanding signed between the Governments of Việt Nam and Laos on October 5, 2016 and the development goals outlined in the National Power Development 8, the minimum import capacity target by 2030 is around 5,000MW, an increase of 4,000MW compared to the currently operating electricity imports from Laos.

EVN expects electricity imports from Laos will support and supplement the power supply for the increasing load demand in Việt Nam.

The imported electricity volume is expected to be around 3,000MW by 2025 and about 5,000MW by 2030. In October 2023, the Prime Minister approved a proposal to import electricity from various sources in Laos with a total capacity of 2,689MW.

EVN has signed 19 power purchase agreements (PPA) to buy electricity from 26 Lao power plants with a total capacity of 2,240MW. Among them, seven projects were commercially operational with a total capacity of 806MW, and an additional 1,171MW could be put into operation by 2025, according to the ministry. — VNS

  • Share:

see also

Garment industry urged to gain self-sufficiency in raw materials for UK expansion

Garment industry urged to gain self-sufficiency in raw materials for UK expansion

Việt Nam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self – sufficiency in raw materials in order to meet the rules of origin under the UK – Việt Nam Free Trade...
Việt Nams growth prospects remain resilient amid global challenges: forum

Việt Nam’s growth prospects remain resilient amid global challenges: forum

Việt Nam’s economy is expected to exceed 7 per cent growth this year and continue rising next year, despite uncertainties from a potential second Trump presidency and global economic challenges, experts said.
Bình Dương takes advantage of opportunities from EVFTA, UKVFTA

Bình Dương takes advantage of opportunities from EVFTA, UKVFTA

Bình Dương has a trade surplus with many markets that have signed and implemented free trade agreements with Việt Nam, such as the UK and the EU.
Cà Mau strives to become a renewable energy export hub

Cà Mau strives to become a renewable energy export hub

The province encourages the unlimited development of renewable energy sources for export, provided energy security and economic efficiency are maintained. By 2031, Cà Mau aims to export 2,000 MW of renewable energy, increasing to 3,000 MW by 2035 and 5,000...
NA Standing Committee gives nod to the foundation of an investment support fund

NA Standing Committee gives nod to the foundation of an investment support fund

It is necessary to issue a decree on the foundation, management and use of the investment support fund to attract strategic investors and multinational corporations to Việt Nam, the National Assembly Standing Committee agreed at a meeting on Wednesday afternoon.