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VietNamNews

Japan pumps $64 million into central power project

Update: March, 15/2012 - 18:03

HA NOI – Nippon Export and Investment Insurance of Japan yesterday provided US$64.5 million in Overseas United Loan Insurance to build the Serepok 4A hydropower plant in the central province of Dak Lak.

The 14 year loan contract was signed in Ha Noi between the Buon Don Hydropower JSC, the project investor, and the Sumitomo Mitsui Bank of Japan, the provider of the loan.

Before the signing of the contract, EVN Finance and SHB Bank were the major financiers of the project, which will be completed by 2013.

The VND1.7 trillion project, which will have an output of 64 MW when operational, will supply 308 million kWh to the country's power network each year. – VNS

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