BIDDING EVALUATION CRITERIA FOR ENERGY PROJECT INVESTOR SELECTION

BIDDING EVALUATION CRITERIA FOR ENERGY PROJECT INVESTOR SELECTION

The Ministry of Industry and Trade has issued Circular 27/2024/TT-BCT, marking a significant step in detailing the evaluation criteria for bidding documents and bidding templates for selecting investors to implement energy construction projects.

This Circular implements the provisions of Decree 115/2024/ND-CP, providing a clearer and more specific legal framework for energy investment projects involving land use. Additionally, the Circular guides the assessment of investment efficiency for industry, sector, and local development, as well as technical criteria to ensure efficiency and alignment with practical requirements.

BIDDING EVALUATION CRITERIA

1. TECHNICAL EVALUATION OF BUSINESS INVESTMENT PLANS

The Circular specifies technical evaluation criteria based on the requirements of Article 47 of Decree 115/2024/ND-CP, including:

• Alignment with the investment plan: Investors must ensure that the project location, scale, schedule, organizational layout, and investment phases meet the decisions on investment approval or project investment approval.

• Technical specifications of the power plant: The basic specifications of the power plant must align with the type and scale of the proposed project.

2. EVALUATION OF THE INVESTMENT EFFICIENCY IN POWER SECTOR DEVELOPMENT

One of the key criteria is the electricity price ceiling. The Circular specifies that this ceiling is built based on:

• The project's bidding invitation documents, ensuring that the price does not exceed the power generation price framework issued by the Ministry of Industry and Trade.

• The project's financial internal rate of return (IRR), which must not exceed 12%, alongside reasonable expenses throughout the project’s economic life cycle.

Other cost factors such as value-added tax, environmental fees, and other taxes and fees are excluded from the electricity price ceiling to ensure transparency and cost optimization for the project.

APPLICATION AND EFFECTIVENESS OF THE CIRCULAR

Circular 27/2024/TT-BCT clearly stipulates handling ongoing projects, including:

• Projects that have not yet issued or have issued bidding documents but not yet closed bids: Bidding documents must be prepared under the new regulations.

• Projects that have closed bids but have not yet approved investor selection results: The evaluation of bidding documents must continue based on the issued bidding documents.

Effective from November 21, 2024, this Circular is expected to promote sustainable development and transparency in energy construction investment.

Through these new regulations, the Ministry of Industry and Trade lays the foundation for sustainable energy development while supporting investors in accessing and implementing projects effectively. VIETNGA ENERGY is committed to always accompanying businesses in updating and complying with the latest legal regulations to optimize investment efficiency.

- According to the baochinhphu

VIETNGA ENERGY
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