Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 57/2025 (“Decree 57”) with effect from March 03, 2025, guiding the Law on Electricity 2024, and regulating direct electricity purchase and sale mechanism between renewable energy generators and large electricity users (“DPPA”). Renewable Energy (RE) Generation Units Solar, wind, ocean (including tides, ocean waves and currents), geothermal, hydro, biomass, waste-to-energy… Electricity Traders – National Grid Grid-connected solar, wind […]
Category: Energy
Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 58/2025 (“Decree 58”) with effect from March 03, 2025, guiding the Law on Electricity 2024 on areas related to development of renewable energy (RE) and new energy (NE) electricity sources. Key Defined Terms Surplus electricity seller: means an organization or individual owning the self-produced/self-consumed power source or the one taking over rights and obligations of the primary. Buyer […]
Written by Senior Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 18/2025 (“Decree 18”) with effect from February 08, 2025, first one guiding the Law on Electricity 2024 on areas related to electricity purchase and sale activities to ensure power supply. Consumption and Performance Guarantee Electricity buyer to have an average contracted consumption of 1,000,000 kWh/month or more. If the above stated average electricity consumption is lower, but […]
Written by Senior Partner Duyen Ha Vo and Foreign Counsel Quynh Anh Le In alignment with the new Electricity Law, the Ministry of Industry and Trade (MOIT) has issued Circular 12/2025/TT-BCT (Circular 12) on tariff determination and the Power Purchase Agreement (PPA) template for power projects. This new Circular takes effect on February 1, 2025, replacing Circular 07/2024/TT-BCT (Circular 07), which was issued just last April. While the tariff determination mechanisms in Circular 12 remain […]
Written by Senior Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena On 30 November 2024, the 15th National Assembly of Vietnam, at its 8th session, passed the Law on Electricity (amended) [Luật Điện lực (sửa đổi)] (“LOEC 2024”) to address the emerging prospects of the power sector, effective 1 February 2025 (“Effective Date”). The LOEC 2024 provides high level guidance to govern the electricity sector and enables the government to detail further with specific […]