Revisions to the Electricity Law will pave the way for DPPAs to boost the viability of renewable energy projects in Vietnam
To date, no direct power purchase agreement (DPPA) has been executed following the introduction of the new DPPA regulation in July 2024. Beginning on 21 October 2024, the National Assembly will examine proposed changes to the Electricity Law that will incorporate the legal framework for DPPAs. Soon after the new law is enacted, we expect the Ministry of Industry and Trade (MoIT) and relevant authorities will finalize more policies and guidance to operationalize DPPAs.
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