On July 3, 2024, the Vietnamese government issued Decree No. 80/2024/ND-CP (Decree 80), moving forward with its long-awaited mechanism for direct power purchase agreements (DPPAs) after months of circulated proposals and drafts. Taking effect upon release, Decree 80 brings substantial changes to the Vietnamese energy market for both consumers and producers. This GT Alert outlines the two DPPA mechanisms introduced by Decree 80, the applicable pricing guidelines, and the next steps for DPPAs in Vietnam.
Energy Markets | Essential Understanding of Updated Vietnam DPPA Regime
