- Asia
Launch of the Direct Power Purchase Mechanism in Vietnam
On 3 July 2024 the Vietnamese government promulgated Decree 80/2024/ND-CP (“Decree 80”) on direct power purchase agreements (“DPPAs”), which is effective immediately. Decree 80 sets out a framework for large energy consumers to contract directly with renewable energy producers for supplies of energy. This is a long-awaited move by the Vietnamese government; a DPPA mechanism has been under discussion for several years. The issuance of Decree 80 has been warmly welcomed by industry participants and should be a positive development for the electricity sector in Vietnam. This newsletter outlines some key features of Decree 80 and the DPPA mechanism. Decree 80 broadly regulates direct energy sale arrangements between:-Renewable energy power generators (“RE Gencos”); and-Large electricity end users (“Buyers”). In...To read the full article, please see the PDF file
-
Asia Newsletter
Download PDF [329 KB]
Stationed in Singapore in 2010 and in Vietnam since 2013, and supported foreign investors in their investments and business development in South East Asia. Provided legal advice on various projects including the following: • M&A deals • infrastructure development projects including smart city, road, and railway • natural resources and energy projects including renewable energy projects • real-estate development projects including residential housing, commercial/logistics, offices, hospitality properties, complex buildings Kazuhide has also advised foreign invested companies in South East Asia in various areas, such as labor, trade, information security, digital regulations, crisis management, and compliance.