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.
VietNam+

News

EVNHANOI is rated by Fitch Ratings at BB with a positive outlook

Cập nhật 29/09/2022

Hanoi Power Corporation has just been rated by Fitch Ratings (an international credit rating agency)...

Innovation

EVN restructures the dependent accounting units

Cập nhật 07/11/2018

The Prime Minister has just directed Electricity of Vietnam (EVN) to restructure, reorganize and...

Investment

Powering 220 kV transformer substation for BIM Wind Power Project

Cập nhật 17/08/2021

Power Engineering Consulting Joint Stock Company 1 (PECC1) informed that at 10:00 am on August 15,...

Business

HCM City completes power supply to COVID-19 treatment hospitals

Cập nhật 16/07/2021

Hoc Mon and Binh Chanh power companies of the Ho Chi Minh City Power Corporation (EVN HCMC) have completed...

Production

EVNHCMC: The time to handle new connections via medium voltage substations is only 3.19 days

Cập nhật 29/09/2022

According to Ho Chi Minh City Power Corporation (EVNHCMC), since the beginning of the year, the Corporation...