Wind power investors claim bankruptcy looms without incentive tariffs
Wind power companies said if the government does not extend the October 31, 2021 deadline for the incentive feed-in-tariff for the electricity they face the threat of bankruptcy.
In a letter they sent recently to various government and National Assembly agencies, wind power developers sought to explain why they many were unable to meet the deadline. In Vietnam, businesses, local administrations and others bodies in the energy industry have called on the government and National Assembly to extend the deadline for the FIT price by three to six months.
The FITs, the price producers get for their power, for offshore and onshore wind powers are 9.8 cents and 8.5 cents per kilowatt-hour for 20 years. But these rates are only paid to producers who began a commercial generation before Nov. 1.
Anh Minh
