Talking to DTDN, Mr. Nguyen Anh Tuan - Chairman of Mernus Investment Joint Stock Company said that the price of FIT with wind power proposed by the Ministry of Industry and Trade with a deep reduction would be a big difficulty for businesses.
– A recent document of the Ministry of Industry and Trade has proposed to extend the FIT price for wind power. At the same time, the proposed reduction is from 12-17%, what do businesses think about this reduction proposal?
Currently, the FIT price applied to wind power has been extended until October 31, 2021. Due to the recent impact of COVID and difficulties in the actual implementation of wind power projects by investors, the Ministry of Industry and Trade has submitted a document to the Prime Minister to extend the FIT-1 price period and is being approved by the Government. government to consider.
We know that the Ministry of Industry and Trade has consulted with parties, experts and international consulting organizations before offering this reduction of 12-17%. However, with a wind power project with a large investment, the reduction of equipment is not as much and as fast as solar power, plus the impact of COVID-19, the price reduction of nearly 20% is a deep reduction, will great impact on businesses.
– So how will the deep discount as you say affect the business, sir?
From an investor's perspective, as I said, a decline as deep as 17% can change the investment problem. Besides, Vietnam's investment policies often change quite quickly, changing FIT prices can be quickly implemented.
Meanwhile, we do not have a transmission network that is not synchronized with the system, which will cause risks. All of these will lead to the consideration of large corporations in the world when they want to invest in Vietnam.
– Besides worrying about FIT pricing policy, what are investors worried about, sir?
Like the policy with FIT prices, businesses are very concerned about the stability of investment policies in Vietnam. B.Grimm Power Group itself - the investor for Hoa Hoi Power Plant is also "impatient" to consult with us about increasing investment from 2020, but they still have many concerns about risks. legal risks plus the current state of Vietnam's electricity grid. While using backup batteries is expensive and risky. We are not concerned about the financial but worried about the legal risk. Therefore, businesses want to have a more synchronous policy for the development of renewable energy projects, creating peace of mind for development investors in Vietnam.
– What recommendations or suggestions does a renewable energy enterprise like Mernus Investment Joint Stock Company Power have, sir?
From the perspective of investors, we also hope that the price of FIT1 will be extended, we propose to extend the price of FIT-1 for at least another year until October 31, 2022 so that businesses have time to prepare and evaluate. carefully evaluate the investment problem. Otherwise, the reduction should be less than 10%, and at the same time extend the application of FIT-2 prices until 2022-2023.
Enterprises wish to soon promote the transmission network including national transmission and local transmission.
At the same time, he wants to receive support from the Government in debt relief, as well as cutting some loan-import taxes. We are very pleased when the Government approved the proposal not to buy electricity from China throughout 2021. Similar policies, supporting and encouraging businesses need to be developed.
– You just mentioned the transmission network, so does a private enterprise like Mernus Investment Joint Stock Company Power plan to invest in the transmission network?
Even enterprises investing in transmission networks like Trung Nam still have to cut capacity, which is a common difficulty. Obviously, this is the desire of many businesses, businesses still want to take the initiative to connect to the national electricity grid. But there are many legal factors related to the operation of the grid and station after the private enterprise builds, the quality of the transmission network, not just a capital story for network investment. Enterprises want the legal and binding needs to be stricter.
Many countries in the world have allowed private enterprises to make grids, even for electricity retail, this is the story we will do before and after, the story is the supervision and management sanctions. We need to utilize all resources for development.
