The signing ceremony for Fujiwara Binh Dinh Solar Power Plant’s PPA held on October 24th, 2018
The signing ceremony for Power Purchase Agreement (PPA) between Vietnam electricity (EVN) and Fujiwara Binh Dinh Co., Ltd was held at EVN’s headquarter in Hanoi in the presence of Mr. Osamu Kimura from Fujiwara Binh Dinh , the President Mr. Nguyen Danh Son , the Vice president Mr. Hoang Le Hung and Mr. Le Khac Hung, and the Director of the Finance division Mr. Hoang Van Hai from EVN EPTC.
Excerpt of the agreement is below
50MW of rated output, expected generation is 74,000,000kWh per year. Grid connection is planned in June 2019.
Based on the renewable energy policy and ultimatum issued by the government, EVN EPTC and Fujiwara Binh Dinh entered into the Agreement as below.
In case it is connected to the grid by June 30th, 2019, power purchase price is 2.086VND/1kWh (0.935USD) applicable for 20 years (According to the 11th written decision in regards to encouragement system for Solar power generation projects in Vietnam issued by the Prime Minister of Vietnam as of April 11th, 2017).