VDB finances two hydropower projects Nam Ban 2 and Nam Ban 3
25/09/2015 12:09
On September 24th, VDB’s branch of Lai Chau province has signed two credit contracts with Nam Ban 2 hydropower Co.,Ltd and Nam Ban 3 power development Co., Ltd to finance Nam Ban 2 and Nam Ban 3 power projects with VND860 billion of state invesment credit.
Located on the Nam Ban river in Nam Ban commune, Nam Nhun district, Lai Chau province, the two projects have total investment of over VND1.300 trillion with designed capacity of 22 MW for each.
The projects implementation is expected for 4 years (from 2015 to 2018). When in operation, they will contribute 160 million KWh per year for national power grid, create jobs and contribute annually about VND30 billion for local budget. Besides, they has their part in serving irrigation and drainage for local agricultural development, make contribution to social-economic development in the province./.