• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Four State-run banks grant VND 17.5 trillion to hydropower plant

VNGOP – A funding contract for the Sơn La Hydroelectricity Plant Project was signed on September 25 in Hà Nội between the Việt Nam Bank for Agriculture and Rural Development (VBARD), Bank for Investment and Development of Việt Nam (BIDV), Việt Nam Commerce Bank (VCB), Việt Nam Industry and Commerce Bank (ICB) and the Electricity of Việt Nam Group (EVN).

09/26/2007 07:27


Photo: VNGOP

Under the contract, the four banks will provide a total loan of VND 17,500 billion, equivalent to 50 percent of the project’s total investment, in the term of 15 years.

It is reported that VBARD will grant VND 3,500 billion and function as the focal point of disbursement. BIDV contributes VND 3,000 billion, VCB and ICB provide VND 6,000 billion and VND 5,000 billion respectively.

At the signing ceremony, Mr. Đào Văn Hưng, CEO of EVN, said: "The credit package will help speed up the project schedule to timely provide electricity for the country’s socio-economic development and industrialization as well as facilitate flood and drought control in the Red River Delta ".

The 2,400 MW Sơn La Hydroelectricity Plant requires a total investment of VND 36,933 billion. Its first turbine is expected to be put into operation in late 2009.

By Nguyên Hồ