In May 2025, the Department of Industry and Trade of Ninh Thuan province reported on the implementation of power business projects under the Power Plan VIII and the results of reviewing projects according to the adjustment of Power Plan VIII.
The Ministry of Industry and Trade has not issued a wind power price framework
According to the VIII power plan, there are 22 renewable energy projects in Ninh Thuan. The locality has approved investors for 8 projects/2,677 MW; 14 projects/2,051 MW are in the process of selecting investors.
These are Phuoc Hoa nangity Hydropower Project, Bac Ai nangity Hydropower Plant, Phuoc Huu Wind Power Plant, Nam Power No. 1 Wind Power Plant, Cong Hai 1 Wind Power Plant - Phase 1 and Phase 2, Phuoc Nam - Finallyity - Ninh Thuan renewable energy power plant and Part of the capacity of Hanbaram Wind Power Plant.
For 8 projects that have approved investment policies, there are currently some difficulties in issuing electricity price mechanisms.
For example, Phuoc Hoa couple hydropower project with a capacity of 1,200 MW, land use area of about 87.5ha in Bac Ai district, Ninh Son district (22.865 billion VND).
According to the Department of Industry and Trade of Ninh Thuan province, the current price mechanism for the province has not been implemented, so feasibility calculation and capital mobilization have not been implemented.
By April 2025, the Ministry of Industry and Trade has issued an approval for the price framework for the type of hydropower plant in 2025; because the Department of Industry and Trade is urging investors to promptly implement the project according to the approved schedule.
Or the Phuoc Huu Wind Power Plant Project of Ha Do Thuan Nam Wind Power Company Limited has a capacity of 50MW, an area of 9.84ha (capital of 1,730 billion VND). This project currently does not have an electricity price mechanism (there is no basis for completing the pre-feasibility study report).
For this difficulty, the People's Committee of Ninh Thuan province has recommended the Ministry of Industry and Trade. In March 2025, the Government Office announced that it is expected to issue electricity prices on April 10, 2025. However, up to now, the Ministry of Industry and Trade has not issued a wind power price framework for 2025.
The Cong Hai 1 Wind Power Plant project - phase 1 and phase 2 of Power Distribution Corporation 2 - Joint Stock Company also does not have an electricity price mechanism.
No land price coefficient yet, progress must be adjusted
In the report, the Department of Industry and Trade of Ninh Thuan mentioned the Bac Ai nangity Hydropower Project approved by the Board of Members of the Vietnam Electricity Group with a capacity of 1,200 MW (capital of VND 21, 101 billion), the project is expected to be implemented in Group 1 in December 2029.
In March 2025, the investor reported that the project has completed the construction of the outlet cluster to ensure the progress of the Cai River reservoir water. Currently, investors are coordinating with Bac Ai District People's Committee to collect land with a total area of about 106.4ha/66 households.
For the Bac Ai Dynamic Hydropower Project, the People's Committee of Bac Ai District has not yet approved the land price and crop product price coefficient to calculate compensation and support when the state reclaims land; the District Land Fund Development Center has not yet completed the compensation and support plan for 29 families who have not been compensated and supported.
Meanwhile, the Nam Power Power Power Plant No. 1 project of Palatial Global Inc (located in the Virgin Islands in the UK) has two problems.
That is, the number of wind turbines will be reduced from 15 locations to 5 locations; the demand for land use will be restored, from 12 hectares for land for limited use and 14 hectares for land for temporary use. In addition, the Department of Natural Resources and Environment requires the arrangement of wind turbines 300m away from other projects.
For the Phuoc Nam - Enfinity - Ninh Thuan renewable energy plant project, the implementation progress in the investment receipt has not been extended. Because there is no legal basis to carry out the remaining procedures.
In April 2025, the investor submitted a dossier to adjust the investment certificate.
