Support power projects in rural areas

Thứ hai, 27/10/2008 | 00:00 GMT+7
This is a policy of the Government for power projects in rural, mountainous and islandish areas. As said by representatives from the Ministry of Finance on October 28, the supporting program consists of investment, low interest rate of loan and after-investment supports.

The supported objects are generators, power plants which have not connected to the national power network, projects on upgrading lines, projects on lines to households and so on.

In order to comply with this policy, the amount and period of the loan are decided by the Social Policy Bank. The favourable interest rate is determined by the Prime Minister. No longer than March 31 of the next year, Vietnam Development Bank and Social Policy Bank are responsible for summarizing the situation of lending and after-investment supporting to report to the Ministry of Finance, the Ministry of Industry and Trade and the Bank of State.

According to The Electricity of Vietnam, there have been so far more than 250 communes (equaling to about 3%) and nearly 900 households (equaling to about 7%) have not been connected to the national power network.

Theo: The Labour