Central Vietnam hydropower plant secures funds

16/03/2012 15:37:28 - views: 2,277

A signing ceremony for a loan contract between Japan ’s Sumitomo Mitsui Banking Corporation (SMBC) and the Buon Don Hydropower Joint Stock Company took place on Mar. 15 in Hanoi .

According to the contract, SMBC will provide the Buon Don Hydropower JSC with 64.2 million USD to continue construction of the Srepok 4A Hydropower Plant in the Buon Don district communes of Ea Wer, Ea Huar and Krong Na in the Central Highlands province of Dak Lak .

Before the signing ceremony, EVN Finance JSC and the Saigon-Hanoi Commercial Joint Stock Bank provided bridging loans to the company to ensure the implementation of the project.

The plant, with a capacity of 64 MW, is expected to become operational in 2013 and generate 308.35 million kWh per year, contributing to economic development in the central and Central Highlands regions.


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