Reading Time: 2 minutes
Nexif Ratch Energy has reached a major milestone in its 80 MW Ben Tre Wind Power Plant project by signing amendment and supplement agreements to the original Power Purchase Agreements (PPAs) with Vietnam Electricity (EVN) on 18 April 2025.
Following the end of Vietnam’s Feed-in Tariff (FiT) regime in October 2021, the government has worked to establish a new pricing model that reflects lower renewable energy costs while attracting long-term private investment.
In this context, Nexif Ratch Energy collaborated closely with authorities to agree on a revised tariff. The Ben Tre project is now among the first transitional wind projects in Vietnam to finalize a PPA under the new framework. The agreement with EVN, and its trading subsidiary EPTC, highlights strong coordination among key stakeholders.
This development comes as Vietnam pushes forward with power sector reforms and its clean energy transition. The government is updating its regulatory framework and Power Development Plan 8 (PDP8), which targets an additional 16.1 GW of wind and 27.9 GW of solar capacity by 2030. These efforts aim to grow the renewable sector and attract investment in green infrastructure.
Mr. Surender Singh, Chairman of the board of directors of Nexif Ratch Energy, commented, “We commend the Vietnamese government for its proactive efforts in driving the country’s energy transition. Structural changes in the energy sector require a strong and coordinated approach between government, regulators, and, importantly, investors. As we have seen with the Nexif Energy Ben Tre Wind Power Plant project, success relies on strong, ongoing partnerships to overcome challenges and unlock new opportunities for the country’s sustainable future.”
Mr. Cyril Dissescou, CEO of Nexif Ratch Energy, added “I’m proud of our team for their persistence and focus in achieving this milestone. I also want to thank EPTC for their close collaboration. This success reflects the strength of our partnerships and our shared commitment to Vietnam’s clean energy future.”
