VDB Gia Lai - Kon Tum area branch financing Dak Mek 3 hydropower Project
07/01/2025 12:01
On December 31, 2024, in Kon Tum city, VDB Gia Lai - Kon Tum area branch and Kon Tum power investment Joint Stock Company have held a signing ceremony the State investment credit contract to finance the Dak Mek 3 hydropower project.
Located in Dak Choong commune and Muong Hoong commune, DakGlei district, Kon Tum province, the Dak Mek 3 hydropower project has a designed capacity of 7.5 MW, with a total investment of over VND 311 billion. The project construction is part of the small hydropower development plan, exploiting the local potential, contributing to the socio-economic development and defense of Kon Tum province.
This is Gia Lai - Kon Tum area branch’s first state investment credit contract signed under Decree No. 78/2023/ND-CP dated November 7, 2023 of the Government. According to this credit contract, the VDB’s Kontum and Gia Lai Branch commits to finance Kon Tum power investment Joint Stock Company a total amount of VND 202.8 billion to implement the project./.