THE MAXIMUM VALIDITY PERIOD FOR ELECTRICITY-RELATED BUSINESS IS 20 YEARS
Circular No. 12/2017/TT-BCT on procedures for issuance and revocation of electricity operating licenses issued by the Ministry of Industry and Trade on July 31, 2017, applies to entities engaging in electricity consulting services, electricity generation, electricity distribution, electricity wholesaling, electricity retailing, and export or import of electricity.
In accordance with this Circular, the maximum validity period of electricity consulting services is 05 years, the maximum validity period of electricity distribution; electricity wholesaling, electricity retailing and export or import of electricity is 10 years; the maximum validity period of electricity transmission is 20 years. Particularly, the Maximum validity period of electricity generation for power plants included in the list of power plants that have key importance for society and economy and national defense and security is 20 years and for power plants not included in the list of power plants that have key importance for society and economy and national defense and security is 10 years.
This Circular also prescribes the exemption from electricity operating licenses such as electricity generation for self-consumption without selling electricity to other organizations and individuals; electricity generation with installed capacity of less than 1 MW to sell electricity to other entities; purchase of electricity with capacity of under 50kVA from distributing electricity grids to sell electricity directly to electricity-using customers living in rural, mountainous, and islands areas; and dispatch of national electric system and electricity market transaction administration.
This Circular takes effect on September 14, 2017.
