10 renewable power projects are still "at a standstill" after inspection
After more than three years of being pointed out for violations, 10 renewable power projects in Lam Dong, Dong Nai and Can Tho continue to wait for acceptance results.
Before the Government Inspectorate issued its conclusion in April 2023, nine solar power projects in Lam Dong and Dong Nai and one wind power project in Can Tho were inspected by the Electricity Department (Ministry of Industry and Trade) but a document approving the investor's acceptance results has not been issued. To date, the acceptance of these projects has not been completed.
Implementing Decree 207/2026/ND-CP of the Government (implemented from July 1, 2026), the Electricity Department has just notified the Provincial/City People's Committee to continue inspecting and accepting construction works.
Most of the projects in this group are solar power and are located in Lam Dong province with a group of six Hong Phong projects (5.2, 4, 1A, 1B, Mui Ne, Ham Kiem 1) implemented by large domestic investors from many Last year as Millennium Energy Joint Stock Company, Ha Do Binh Thuan, Hong Phong Energy, Duc Thanh Mui Ne.
Notably, these six projects (along with 14 other illegal power projects in Lam Dong) recently "escaped death's door" after the security investigation agency (Ministry of Public Security) concluded not to prosecute a criminal case. On that basis, consideration of removing difficulties for local renewable energy and hydropower projects is carried out in accordance with current legal regulations and orientations in Resolution 233 of the Government.
In addition to the acceptance problem, the series of projects mentioned above also have problems with planning overlap when located on land belonging to the national mineral reserve area (titanium) and cash flow (investment, operation and commercial power generation have been completed for 5-6 years but the electricity bill has not been fully paid).
In early 2026, Lam Dong Provincial People's Committee requested the Ministry of Industry and Trade to direct Vietnam Electricity Group (EVN) to consider and have solutions to remove financial obstacles for nine solar and wind power projects that are temporarily suspending electricity payments in the period from August to September 2023 to July 15, 2025. The total amount of payments reported by investors as unpaid is nearly VND 4,540 billion (including the 6 solar power projects mentioned above).
Similarly, the three solar power projects Loc Ninh 3, 4 and 5 in Dong Nai are also in an equally difficult situation.
The projects have been in commercial operation for about six years but up to now, land procedures have not been completed and there are still some problems that must be overcome according to Conclusion 1027 of the Government Inspectorate. In addition, two of the three projects have content related to a number of individuals belonging to local tax authorities according to the investigation conclusion of the Ministry of Public Security in the case of solar power violations at the Ministry of Industry and Trade.
Loc Ninh solar power project cluster (numbers 1 to 5) is invested by Hung Hai Group with a total capacity of 800MW, worth about 12,000 billion VND and is currently divided into five parts by domestic and international investors.
Specifically, Super Energy Group (Thailand) said it owns three factories Loc Ninh 1,2,3 with a total capacity of 550MW, in time to enjoy FIT prices from December 2020.
Hung Hai Group also transferred Loc Ninh 5 Energy Joint Stock Company - the legal entity investing in the Loc Ninh 5 project to Bitexco Group in March 2022. This project has been connected to the commercial grid since December 2020 with a capacity of 50MW, worth about 1,050 billion VND.
For Loc Ninh 4 factory, capacity of 200MW with a total investment of more than 3,700 billion VND, as of 2021, this project is sponsored by MSB with 2,400 billion VND with preferential interest rates and Hung Hai Group holds 51% of the controlling shares of the investor's legal entity, Loc Ninh Energy Joint Stock Company. 4.
The Electricity Department's continued implementation of acceptance testing is considered a necessary procedural step to handle the remaining problems of the project team. According to Decree 207/2026/ND-CP, the authority to inspect acceptance work has been adjusted according to the two-level local government organisation model, replacing the previous management mechanism.
Up to now, although most of the projects have been in commercial operation for many years and some legal problems have been resolved, the lack of completion of acceptance continues to be a bottleneck that prevents the projects from being able to close all the problems after Conclusion 1027 of the Government Inspectorate.
Source: TheLeader — theleader.vn. The article is reposted for the purpose of sharing knowledge for the founder and investor community in the ecosystem HCM VIF.