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| Vietcombank and Vietinbank have signed revised agreements to provide additional loans of VNĐ1.4 trillion (US$61.67 million) to the Thượng Kon Tum hydropower plant. — Photo mytour.vn |
Viet Nam News
HÀ NỘI — Vietcombank and Vietinbank have signed revised agreements to provide additional loans of VNĐ1.4 trillion (US$61.67 million) to the Thượng Kon Tum hydropower plant.
Under the agreements signed last week, Vietcombank will raise its loan from VNĐ700 billion to VNĐ1.6 trillion while the increasing loan from Vietinbank will be VNĐ500 billion.
With the additional loans, the Vĩnh Sơn-Sông Hinh Hydro Power Joint Stock Company (VSH) has also pledged to speed up the construction to be able to put the plant belonging to the VSH into operation in 2019.
The plant, which is located at the Central Highlands province of Kon Tum’s Se San River, will generate an average output of 1,094 million KWh per year. — VNS
