The Ministry of Industry and Trade has recently issued Circular 16/2017/TT-BCT on project development and the model purchase contract for solar power projects.
Accordingly, the grid connected solar power investment projects are regulated as follows:
– The investor can only set up a solar power investment project included in the provincial and national level solar-power development plan; or provincial and national power development plan that are approved.
– The contents of the solar power investment project must comply with the regulations on management of investment in construction and the following requirements:
+ Evaluate the impact of solar power project connection plan on the power system in the area.
+ Having equipment connected to the SCADA system or moderation information so that the forecast information on electricity output can be transmitted per hour to the regulated agency.
– The equity ratio of grid connected solar power projects should not less than 20% of the total investment.
– The area of long-term land use shall not exceed 1.2 ha/01 MWp.
Circular 16/2017/TT-BCT takes effect on October 26th2017.
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