ADB backs power grid in biggest cities
10/02/2014 12:02
The PM has passed the project to develop a power grid in Ha Noi and Ho Chi Minh City funded by the Asian Development Bank (ADB).
The US$ 366.98 million project receives US$ 272.71 million of ODA from ADB and the ASEAN Infrastructure Fund (AIF). The EVN Ha Noi and EVN HCMC contributed US$ 94.27 million of corresponding capital.
It aims to resolve interrupted power supply, reduce overloaded power, minimize power losses and raise electricity quality.
The project also targets to improve safety and stability for power networks in the two cities when the demands are projected to surge in the coming time.
The project would be implemented in the two biggest cities in the 2014-2016 period./.
Source: Chinhphu.vn