VDB Cao Bang financing for Hoa Thuan Hydropower Project
11/03/2016 12:03
Vietnam Development Bank’s Cao Bang branch has recently signed a credit contract to finance Hoa Thuan Hydropower project owned by a JSC company of the same name.
Located in Hoa Thuan Town, Phuc Hoa District, Cao Bang Province, the project has total investment of about 544 billion VND with a designed capacity of 17.4MW. In operation, it will contribute about 65.10KWh per year for the national power grid and create 30 labors.
According to the signed contract, VDB’s financing commitment for the project is up to 376.6 billion VND with 12 years of maturity./.