The Asian Development Bank (ADB) has provided loans worth almost 121million USD as part of Vietnam ’s 730 million USD electricitytransmission network programme.
The loan agreementwas signed in Hanoi on Feb. 10 by Governor of the State Bank ofVietnam Nguyen Van Binh and ADB Vice President Stephen Groff.
The first loan is designed to assist the construction of almost 648kmof 500kV power line and more than 100km of 220kV power line andtransformer stations nationwide.
At the event,Governor Binh said the project is also expected to increase the nationalpower transmission corporation’s management capacity.
ADB Vice President Stephen P Groff said Vietnam has made remarkableprogress in expanding access to power but some rural and mountainousareas have yet to access the national power grid.
Vietnam should supply electricity in a sustainable manner and upgradeelectricity generation and transmission capacity, he said./.
The loan agreementwas signed in Hanoi on Feb. 10 by Governor of the State Bank ofVietnam Nguyen Van Binh and ADB Vice President Stephen Groff.
The first loan is designed to assist the construction of almost 648kmof 500kV power line and more than 100km of 220kV power line andtransformer stations nationwide.
At the event,Governor Binh said the project is also expected to increase the nationalpower transmission corporation’s management capacity.
ADB Vice President Stephen P Groff said Vietnam has made remarkableprogress in expanding access to power but some rural and mountainousareas have yet to access the national power grid.
Vietnam should supply electricity in a sustainable manner and upgradeelectricity generation and transmission capacity, he said./.
