MoIT approves price framework to purchase electricity from Laos

11/10/2024 13:23
Email Print 2651
KPL (KPL/VNA) The Ministry of Industry and Trade (MoIT) has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.

(KPL/VNA) The Ministry of Industry and Trade (MoIT) has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.

The maximum price for hydroelectric power plants is set at 6.78 US cents/kWh, down from the current rate of 6.95 cents/kWh.

For wind power, the maximum price is 6.4 US cents/kWh, also down from the current rate of 6.95 cents/kWh.

This price framework applies to power plants operating commercially from December 31, 2025, to December 31, 2030.

Based on this framework, Vietnam Electricity (EVN) and power generation units will negotiate electricity purchase prices on the principles of mutual benefit and risk sharing, and in accordance with market mechanisms and market prices, ensuring minimal generation costs.

EVN is required to monitor and promptly report to the Ministry of Industry and Trade in case of significant fluctuations in the factors affecting the calculation of electricity import prices from Laos.

According to the Memorandum of Understanding signed between the Governments of Vietnam and Laos on October 5, 2016 and the development goals outlined in the National Power Development 8, the minimum import capacity target by 2030 is around 5,000MW, an increase of 4,000MW compared to the currently operating electricity imports from Laos.

EVN expects electricity imports from Laos will support and supplement the power supply for the increasing load demand in Vietnam.

The imported electricity volume is expected to be around 3,000MW by 2025 and about 5,000MW by 2030. In October 2023, the Prime Minister approved a proposal to import electricity from various sources in Laos with a total capacity of 2,689MW.

EVN has signed 19 power purchase agreements (PPA) to buy electricity from 26 Lao power plants with a total capacity of 2,240MW. Among them, seven projects were commercially operational with a total capacity of 806MW, and an additional 1,171MW could be put into operation by 2025, according to the ministry./.

 

KPL

ຂ່າວອື່ນໆ

    • Lao PDR Advances Toward National One Health Action PlanGeneral

      Lao PDR Advances Toward National One Health Action Plan

      5/9/2025 10:48:41 PM

      The Lao PDR has taken a significant step toward developing a National One Health Action Plan with the successful conclusion of the One Health Situational Analysis Workshop held from April 28-30 in Vangvieng District, Vientiane Province The workshop, led by the Ministry of Agriculture and Forestry, Ministry of Health, and Ministry of Natural Resources and Environment, brought together key stakeholders to assess the country’s One Health progress and identify future priorities.

    • Honouring Lao Midwives: The Heroes of Maternal HealthGeneral

      Honouring Lao Midwives: The Heroes of Maternal Health

      5/9/2025 7:37:33 PM

      Today, on the International Day of the Midwife, we come together to acknowledge, recognise and pay tribute to the critical role of midwives in crises and their contribution to ending preventable maternal and newborn mortality, addressing unmet need for family planning and supporting women and girls sexual and reproductive health needs.

    • LBC and Laochaleun Square Forge Strategic Partnership to Enhance Movie-Going ExperienceGeneral

      LBC and Laochaleun Square Forge Strategic Partnership to Enhance Movie-Going Experience

      5/9/2025 7:27:07 PM

      Lao Brewery Company (LBC), the nation’s leading beverage producer, and Laochaleun Square Enterprise, the developer of the iconic Laochaleun Cineplex in Savannakhet, have officially entered into a strategic partnership aimed at elevating the cinema experience for moviegoers. The signing ceremony was held today at LBC’s headquarters, marking a new chapter in entertainment and hospitality in southern Laos.

    • Laos Celebrates World Red Cross and Red Crescent Day and the Movement’s 162nd AnniversaryGeneral

      Laos Celebrates World Red Cross and Red Crescent Day and the Movement’s 162nd Anniversary

      5/9/2025 10:15:44 AM

      The Lao National Blood Transfusion Institute and the Lao Red Cross organized a public blood donation event on May 8 at the Lao-ITECC Mall to mark the 162nd anniversary of the International Red Cross and Red Crescent Movement, under the theme: “Support Humanitarian Work.”

    • Lao Media Trained in AI Use for JournalismGeneral

      Lao Media Trained in AI Use for Journalism

      5/8/2025 3:54:44 PM

      The United Nations conducted a training course on the use of artificial intelligence (AI) in media and journalism for civil servants from various sectors in Vientiane on May 8. The training held both in person and online, aimed to enhance participants’ ability to integrate AI tools into their professional work.

ຂ່າວ KPL Laos News

Top