Business

Four banks ink deal to finance Vinh Tan 4 thermoelectric plant

Four commercial banks inked a deal in Hanoi on September 21 to provide 5,400 billion VND (23.75 million USD) in credit for the expanded Vinh Tan 4 thermoelectric project.
Four banks ink deal to finance Vinh Tan 4 thermoelectric plant ảnh 1A transaction office of Lien Viet Post Bank (Source: VNA)

Hanoi (VNA) – Four commercial banksinked a deal in Hanoi on September 21 to provide 5,400 billion VND (23.75million USD) in credit for the expanded Vinh Tan 4 thermoelectric project. 

According to EVN, the An Binh Bank has acted ascoordinator to arrange the financial package with the Vietnam Bank forAgriculture and Rural Development, the Tien Phong Bank, the Lien Viet Post Bankand the Ho Chi Minh City Housing Development Bank.

Under the credit contract, the loan will have a termof 15 years (180 months) with a grace period of 60 months.

The project, invested by the Electricity of Vietnam(EVN) group, is one of the five thermoelectric plants in the Vinh Tan powercomplex in the south central province of Binh Thuan.

It has total investment of 23.9 trillion VND (over 1.1billion USD), and has been listed among urgent projects during 2013-2020.

The plant has one turbine with a capacity of 600 MW.When becoming operational in 2019, it will supply around 3.9 billion kWh ofelectricity to the national grid.-VNA 
VNA
# commercial banks #An Binh Bank #Tien Phong Bank #Lien Viet Post Bank #Vietnamplus #Vietnam News #Vietnam News Agency
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