Germany pledges preferential loans to VN’s rural power upgrading
VGP - Germany pledges to offering Việt Nam a soft loan of €120 million to upgrade its rural electricity network and environment, according to a notice released by the German Embassy in Hà Nội on November 1.
December 03, 2009 6:07 PM GMT+7
The rural power grid upgrading project is carried out
in 2,000 communes throughout Việt Nam
for three years – Illustration
rural electricity project, lasting for 2-3 years, will benefit some 2.9 million
households in 2,000 communes of 45 cities and provinces nationwide. It aims to
halve the electricity loss to 15%, annually saving some400 million kWh or VND350-400 billion.
financial commitment has raised Germany’s
total amount of money for Việt Nam’s
environment activities in 2009 to €141
million. The loan has a term of 12 years, including three years of grace.
Germany has assisted Việt Nam in
investing in advanced and environmentally friendly technologies to improve effective
use of energies, especially electric power, German ambassador Rolf Schulze
website about Việt Nam-Germany development cooperation was launched at www.gdc-vietnam.org in Vietnamese, Germany, and
English, in a move to celebrate the 35th anniversary of the Việt
Nam-Germany diplomatic relations in 2010.