Vietnam abandons "competitive bidding" plan for solar power plants


Việt Nam has been licensing a number of solar plants to deal with grid capacity shortage. — Photo ndh.vn

HANOI, Feb 20 (Vietnam News/ANN) — The Ministry of Industry and Trade (MoIT) has had a change of heart on the bidding mechanism for solar power tariffs in Việt Nam.

In the middle of last month, the ministry was still studying a bidding plan for solar projects in the country. However, it now says using a bidding mechanism for solar power tariffs could have negative impacts.

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