Meta Data
Title in national language: 
QUYÉT DINH Süa d6i, bé sung mot s6 diàu cüa Quyét dinh s6 24/2014/QD-TTg ngày 24 théng 3 nim 2014 cüa Thü Chinh phü ve cc che hô trç phit trien cic dv {n diên Sinh khoi Viêt Nam (sé•. 08/2020/QD-TTg ngày05 thdng 3 nüm 2020)
Draft: 
No
Revision of previous policy?: 
Yes
Effective Start Year: 
2020
Scope: 
National
Document Type: 
Other
Economic Sector: 
Energy, Power
Energy Types: 
Power, Renewable, Bioenergy
Issued by: 
The Prime Minister of the Socialist Republic of Vietnam
Notes: 
Unofficial translation
Overall Summary: 
The Prime Minister's Decision No. 08/2020/QD-TTg of 2020 amends some of the provisions of the Prime Minister’s Decision No. 24/2014/QD-TTg of 2014 on Support Mechanism for Biomass Power Project’s Development in Vietnam. In particular, the following articles were amended: Article 1, 6, 7, 11, 14 and 16. The following articles were repealed: Article 8, 9, 10, 12, 13 and 15.
Renewable Energy
RE prioritization, portfolio standards: 
6. To repeal Article 8, 9 and 10. 7. To revise Article 11 as follows: “Article 11. Responsibility for buying electricity from biomass power projects 1. The Electricity buyer shall be responsible for buying all the power generated from biomass power projects in line with regulations on the national power system operation and technical standards and regulations of the power sector, prioritizing to use the entire power generated from biomass power projects. 2. It is compulsory for the Buyer and the Seller to apply the standardized Power Purchase Agreement for biomass power projects. 3. The term of the Power Purchase Agreement for biomass power projects is 20 years from the date of commercial operation. After this term, an extension of the term of the agreement or entering into a new PPA shall be implemented in accordance with current laws.”
RE feed-in tariffs: 
9. To revise Article 14 as follows: “Article 14. Feed-in tariff for biomass power projects 1. For combined heat and power (CHP) co-generation projects: The FiT at the power delivery point is 1,634 VND/kWh equivalent to 7.03 UScents/kWh based on the exchange rate for the VND against the USD as announced by the State Bank of Vietnam on 21 February 2020. 2. For non-CHP generation projects: The FiT at the power delivery point is VND 1,968/kWh equivalent to 8.47 UScents/kWh based on the exchange rate for the VND against the USD as announced by the State Bank of Vietnam on 21 February 2020. 3. The FiT scheme specified in Clauses 1 and 2 of this Article does not include VAT and shall subject to be adjusted according to fluctuations of the US dollar (equivalent to UScents/kWh). The applicable exchange rate is the VND/USD exchange rate set by the State Bank of Vietnam on the date that the Seller issues bill.