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VietNamNews

Credit provided to power transmission company

Update: February, 04/2013 - 15:24

HA NOI (VNS)— The Vietnam Development Bank (VDB) has pledged long-term credit worth VND662 billion (about US$31.5 million) to the National Power Transmission Corporation (NPT) to implement the 500kV Quang Ninh – Mong Duong transmission line, which plays an important part in the country’s power development strategy in the Northeast.

Stretching over 25.2 km, the line will connect the Mong Duong 1 and 2 thermal electricity plants to the national grid.

The credit will be used to pay for equipment and relocate people living in the project area.-VNS

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