VDB's financing for Dong Van hydropower project
30/01/2015 12:01
The Vietnam Development Bank’s branch of Quang Tri and Dakrong hydropower joint stock Company on January 27th, 2015 has signed a credit contract to finance Dong Van hydropower project.
Located in Dong Van commune, Que Phong district, Nghe An province, this B-group project has designed capacity of 28 MW with total investment of VND 824.6 billion, of which VDN 575 billion from state investment credit through VDB Quang Tri at 9.6%/year for 12 years tenor.
After two and a half year of construction and installation of equipments, the project is expected to supply about 102.05 million kWh each year to national power grid. Furthermore, it regulates water supply and safety for local people during the rainy seasons as well as create more jobs, take contribution to the economic development of the remote western area of Nghe An province./.