Envista Forensics’ Post

In May 2024, the Ministry of Industry and Trade (#MOIT) held a conference to collect opinions on the draft Electricity Law (amended) (“Draft Law 2”) in the Southern region. Enclosed is the full version of Draft Law 2 attached in the material package of the conference. The Draft Law 2 is developed on 6 major policies: Planning, investment and development of electricity; Developing renewable energy; Developing the electricity market, buying and selling, providing electricity services and electricity prices; Licensing electricity activities; Electrical system operation and Electrical safety, dam safety, and hydroelectric storage. The Drafting Board and Editorial Team are actively gathering direct comments from agencies, organizations (particularly those directly impacted, as well as experts and scientists) to compile, research, review, and enhance the Draft Law 2. This will be followed by a report to competent authorities for verification and feedback. The Draft Law might be modified accordingly. The document will be subject to a further step of collecting opinions from National Assembly deputies and the public before the Ministry of Industry and Trade (#MOIT) presenting it to the National Assembly for discussion and voting on the passage of the bill. At VSE LAWYERS, we can provide comprehensive legal advice and consulting service for developers and investors in various sectors of energy and M&A service in energy sectors. ---------- VSE LAWYERS #VSE #VSE_LAWYERS

🚀💡 The U.S. Department of Energy is investing $900 million in next-generation small modular reactors. This funding, part of the bipartisan infrastructure law, aims to support the deployment of light-water SMRs. Up to $800 million will go to "first-mover" teams ready to build and expand Gen III+ SMRs. Read about this and more in this week's Notable News. #EnergyInnovation #DOE https://conta.cc/4eAaIaO

What projects are eligible for the qualified advanced energy project credit? Find out in our Q&A blog post on Section 48C. #Section48C #IRA #cleanenergy https://hubs.ly/Q02BJY5d0

1 month out from the "Understanding State Regulatory Requirements for Utilities" online symposium! On April 2, this EUCI 1-day event will elevate your understanding of state regulatory nuances in the utilities sector by offering discussions that compare and contrast regulatory requirements between different states and regions. Attendees will: 📌 Summarize the process that a state regulatory agency or state energy office takes to make decisions or develop regulations 📌 Explore current regulations, rules, requirements, and expectations of the 404 regulatory processes associated with utility infrastructure site and construction 📌 Gain a perspective of the regulatory framework for utilities for certain states in the US 📌 Discuss the applicable statute and regulations of the power plant and line siting process 📌 Summarize the approaches that several states are taking to develop frameworks for proactive hosting capacity upgrade planning Learn more about the agenda and register online here: https://lnkd.in/gDGeC6Bp Expert speakers include: Kevin Bliss, Division Director, Environmental Affairs and Permitting, RIC Development Mathias Bell, Senior Director of Policy and Marketing, WeaveGrid Jocelyn Durkay, Associate Director of Regulatory Policy, Colorado Energy Office Meghan Grabel, Partner, Osborn Maledon Barbara Keene, Chief, Telecom & Energy, Arizona Corporation Commission, Utilities Division Erin O'Neill, Deputy Director of Fixed Utilities and Chief Economist, Colorado Public Utility Commission Bobby Singh, OGC Regulatory Law Group, Director and Associate General Counsel, Tennessee Valley Authority Radina Valova, Regulatory Vice President, Interstate Renewable Energy Council Jessica Waldorf, Chief of Staff & Director of Policy Implementation, NY Department of Public Service

Check out the recent report I co-wrote with EPRI on Comparison of Capital Costs Between Large Light Water Reactors and Small Modular Reactors. Financing costs are often omitted from reactor cost estimates, but with long construction durations and high capital costs it is important understand financing costs' overall impact on capital costs for both conventional reactors and SMRs. #EPRI #Charles River Associates

A Good Morning with The Rt Hon Esther McVey M.P Discussing the problems experienced by Businesses in the Energy market: (a)  Mis-selling in particular the recent BES Utility trading standards case / selling product based on commissions earned opposed to suitability and enforcing Deemed contracts.   (b)  Variable contracts and the swallowing up of the government energy relief scheme intended to support small businesses.   (c)  Why businesses are having to enter into litigation regarding hidden commissions in their energy contracts. (not unlike the recent Post Office case that required a legal battle before the government took notice).  

The IRS has issued additional guidance for the qualifying advanced energy project credit program under Internal Revenue Code Section 48C(e). Learn the details in this article from FORVIS.

𝐄𝐧𝐞𝐫𝐠𝐲 𝐥𝐞𝐠𝐚𝐥 𝐮𝐩𝐝𝐚𝐭𝐞: On 7 August 2023 the Ministry of Energy published for public consultation the long-awaited draft Government Decision approving the general legal framework for the implementation and functioning of the Contracts for Difference support scheme for low carbon technologies together with an informative note summarizing the envisaged auction process for 2023 and 2025. For further information on this, please read the article below prepared by our colleagues in the Energy department.

On September 14, 2023, The Office of the Government issued the Announcement No.379/TB-VPCP, hereby pointing out the conclusions of the Deputy Prime Minister at the meeting on the Draft Plan for Implementing PDP VIII. Some noteworthy points from this document are: 1. The plan for implementing PDP VIII is very challenging. Despite efforts and endeavors in the construction and completion process, the Draft Plan for Implementing PDP VIII in Document No. 6046/TTr-BCT still does not fully meet the detailed requirements for feasible, effective implementation, and the sequence and procedures are still incomplete. 2. The #MOIT is responsible for researching and considering opinions from various ministries and agencies to improve the Plan for Implementing PDP VIII. Key points include ensuring the implementation of approved objectives, reviewing the progress of projects, and examining the feasibility of piloting the transfer of offshore wind power projects from #EVN to domestic enterprises. The #MOIT will also ensure that the procedures for developing the Plan for Implementing PDP VIII are in accordance with the law. 3. Based on the completion of procedures as required and the full implementation of the above-mentioned requirements, the #MOIT will promptly finalize the Prime Minister's submission on the Plan for Implementing PDP VIII. ---------- VSE LAWYERS #VSE #VSE_LAWYERS #MOIT #Renewable_energy #EVN #Government

Dr. Andy Pearson at Star Refrigeration wrote an interesting article that expresses the frustration that so many of us share. The political voices are loud regarding the need for action to reduce emissions—yet we are left in a position where 'green' solutions are competing without evaluating the actual impacts of the different technologies nor assessing the low-hanging fruits to reduce emissions now 🌱 Sadly, this is also true for governmental funding towards universities and research. Take Norwegian University of Science and Technology (NTNU), for instance, where Gustav Lorentzen introduced and patented the transcritical CO2 heat pump. #ntnu, NTNU Faculty of Engineering, and SINTEF Energy Research have been frontrunners in expanding the knowledge within natural refrigeration for decades—thus, the technology transfer has had an immense impact on overall global emissions. 🌎 🌿Sadly, there is no plan to expand the Refrigeration Department - 𝐫𝐚𝐭𝐡𝐞𝐫 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐬𝐢𝐭𝐞 - and this in favor of such competing green technologies. As stated by Andy, decision-making should be driven by engineering principle. We need to evaluate which technologies are available and will have an impact when creating the roadmap for the future 💡 #gonatrefs #sustainability #greenenergy #ept  #SustainableSolutions #NaturalRefrigerants #Ammonia #CO2