Samsung Vietnam proposes direct purchase of renewable energy

04/05/2021 15:20 12

Samsung Vietnam proposes direct purchase of renewable energy


Electronics giant Samsung Vietnam has proposed that it joins a trial program to purchase power directly renewable power plants instead of monopoly distributor Vietnam Electricity. -

Choi Joo Ho, CEO of Samsung Vietnam, submitted the proposal last week to the Ministry of Industry and Trade last week. He asked that the company participates in the Direct Power Purchase Agreements (DPPA) policy that is being studied for a three-year trial.

Vietnam is set to cut up to 1.74 billion kilowatt-hours of renewable energy in the second half this year to deal with national grid overload, Vietnam Electricity, has announced.

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