KETEP 세계에너지시장정보

ACRONYMS 7

1 EXECUTIVE SUMMARY 8
 1.1 Background 9
 1.2 Vietnam's existing legal framework for OFW and competitive selection 9
 1.3 International competitive selection processes 10
 1.4 Recommendations for Vietnam's competitive selection process 10
 1.5 Pathways to reform in Vietnam 11

2 MARKET OVERVIEW AND THE NEED FOR A COMPETITIVE INVESTOR SELECTION PROCESS 12
 2.1 Summary of the status of OFW in Vietnam 13
  2.1.1 Installed capacity 13
  2.1.2 Power Development Plans 13
  2.1.3 Just Energy Transition Partnership (JETP) 16
  2.1.4 Recent policy proposals 16
 2.2 Overview of the current legal and regulatory frameworks for OFW project development in Vietnam 19
  2.2.1 Investment frameworks 19
  2.2.2 Site planning 24
  2.2.3 Site survey permit 25
  2.2.4 Investment Policy Decision (IPD) 26
  2.2.5 Investor selection 28
  2.2.6 OFW power pricing and PPA 37
  2.2.7 Sea area allocation 38
 2.3 Framing the need for a competitive investor selection process 40
  2.3.1 Rationale 40
  2.3.2 Preparation 42
  2.3.3 Vietnam's opportunity 43

3 INTERNATIONAL COMPETITIVE INVESTOR SELECTION PROCESS ANALYSIS 44
 3.1 Fundamentals of one-stage and two-stage competition models 45
 3.2 Case studies 46
  3.2.1 UK 47
  3.2.2 Taiwan 54
  3.2.3 Japan 59
  3.2.4 Australia 65
 3.3 Model proposed for Vietnam 66

4 RECOMMENDATIONS FOR VIETNAM'S COMPETITIVE SELECTION PROCESS 67
 4.1 Key objectives for competitive selection processes in Vietnam 67
 4.2 Key design elements of the competitive selection processes 68
  4.2.1 Stage 1 - exclusive survey rights 68
  4.2.2 Stage 2 - securing a PPA with EVN 74
 4.3 DPPA 79
 4.4 Legal framework analysis 79
  4.4.1 Introduction of the Proposed Model - challenges and reform required 80
  4.4.2 Pathway to reform 89

Appendix A - Vietnam's current OFW development process - IPP framework 91

Appendix B - Bidding process for power projects (excluding OFW and certain other technologies) 92