EVN to buy solar power at 9.35 cents per kWh

Because the Government wants to encourage people with rooftop panels to install batteries, the Ministry of Industry and Trade and State-owned power giant Vietnam Electricity (EVN) proposed buying solar power at 9.35 cents per kWh.
EVN announced there has been a boom in the number of homeowners who want to install new rooftop solar panels after the new rules allow households to sell solar power back to energy firms.
The Ministry and EVN expected that if the price of solar energy remains at 9.35 cents until 2012 the solar power would provide 2,000 MW countrywide.
According to EVN, transmission of electricity costs 30 percent in the bill; accordingly, the solar power will cut cost of transmission.

By LAC PHONG - Translated by UYEN PHUONG

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