Recognition of COD of wind power plant projects in accordance with the signed power purchase agreement.

Vietnam Electricity has just issued Document No. 6302/EVN-TTD, dated October 14, 2021, to the National Load Dispatch Center (EVNLDC) and the Electricity Trading Company (EVNEPTC) on recognition of the National Power System Dispatch Center (EVNLDC). commercial operation (COD) and operation of wind power plant projects.

According to the content of this document, for projects that have not yet had "a written approval from the Ministry of Industry and Trade, or the provincial Departments of Industry and Trade on the results of inspection and acceptance of completed works to put them into use", EVN authorized Acting Director of EVNEPTC to negotiate the amended and supplemented Contract in accordance with regulations, in which the seller's commitments are added as follows:

Firstly: The electricity seller commits to strictly comply with the provisions of the law on investment and construction of works (including the inspection of the acceptance of construction works by competent state agencies). In case, the competent state agency has opinions that the electricity seller has not complied with the provisions of the law on investment and construction of works, the electricity buyer has the right to refuse to recognize or cancel the contract. receive COD, stop buying electricity and request the electricity seller to refund the entire electricity bill that the buyer has paid to the electricity seller since the COD date, including interest (if any).

Second: The electricity seller commits to comply with the opinion of the competent state agency and refund to the electricity buyer the entire electricity bill that the electricity buyer has paid, counting from the date of COD, including interest. (if).

Third: The electricity seller commits to comply, without any complaints or lawsuits if the above cases occur.

As for the amended and supplemented contracts, only adding the commitments of the electricity sellers as mentioned above, EVN assigns EVNEPTC to negotiate, sign and implement.

With EVNNLDC, EVN requires the unit to only put the wind power plant project into operation after it has been recognized as a COD and has "a written approval from the Ministry of Industry and Trade, or the provincial Departments of Industry and Trade on the test results. collect and complete the work to put it into use”.

This document replaces the document No. 5375/EVN-TTD dated September 1, 2021 of EVN on supplementing the dossier of recognition of the commercial operation date of the wind power plant.