The Electricity of Vietnam (EVN) on January 7 signed a credit contract worth 2.5 trillion VND (119.05 million USD) with the Vietnam Development Bank (VDB) to develop the Vinh Tan 2 and Duyen Hai 1 thermo-electric plants.
The amount will be financed by the State Bank of Vietnam. The two factories have a combined capacity of 2,400MW and a total investment capital of over 52.7 trillion VND (2.5 billion USD).
The plants are expected to contribute further to the electricity systems of the southern region and the country as part of a national master plan to develop power sources up until 2015.
By the end of last year, EVN had over 80 power supply and grid projects sponsored by the VDB with a total registered funding value of about 36.9 trillion VND (1.76 billion USD). These included key national projects including the Son La, Lai Chau, Huoi Quang and Ban Chat hydroelectric plants.-VNA
