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Banks to finance EVN's power project

Update: April, 21/2015 - 18:14
A model of the under-construction Duyen Hai Power Centre. — Photo
HA NOI (VNS) — Viet Nam Electricity, the largest electricity company in Viet Nam, has reach an understanding with Vietinbank, Vietcombank and BIDV on a commercial credit agreement worth of VND4,500 billion (US$210 million).

The credit agreement was struck for the Duyen Hai 3 Extension Thermal Power Plant in the southern Tra Vinh Province.

Once completed, it will be among the largest coal thermal power plants in the South. The project is part of the national power development plan for the 2011 to 2020 period and was approved by Prime Minister.

The thermal power plant is designed to have a production capacity of 3.9 billion killowatt hours a year and has machines with a capacity for 660 megawatts.

The plant operates on a modern burning technology, which is suitable for Viet Nam's Anthracite coal and meets the country's environment protection requirements. — VNS

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