Recently, the Electricity Regulatory Authority of Vietnam (ERAV) under the Ministry of Industry and Trade, Vietnam (MOIT) has released a draft circular (Draft Circular) guiding the implementation of the pilot program on direct power purchase agreement (DPPA) mechanism between renewable power generation companies and power consumers (DPPA Pilot Program). Compared to the previous draft DPPA decision released at the beginning of 2020, the new Draft Circular still follows the virtual DPPA model where the power consumer will indirectly purchase power from the power generation company through Vietnam wholesale electricity market (VWEM); while introduces several new requirements for the power generation companies and power consumers participating in the DPPA Pilot Program.

VILAF Partner Anh Dang and Foreign Counsel Vaibhav Saxena share their expertise on this matter with Lexology.

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