VDB finances Dong Van hydropower project

07/12/2017 12:12

On 4th December 2017, the signing ceremony of an additional State investment credit contract to finance the Dong Van hydropower project was held in Da nang city between Dakrong hydropower joint stock Company and VDB’s Thua Thien Hue – Quang Tri area branch.


VDB’s Thua Thien Hue – Quang Tri area branch had provided a credit of VND 575 billion for the Dong Van 28 MW hydropower project in Dong Van commune, Que Phong district, Nghe An province, a project of total investment of VND 1.050,5 billion

The VND 135 billion additional loan proceeds  will be used to finance in the project’s construction cost and equipment purchase.
The Dong Van hydropower plant is expected to be in operation by the third quarter of 2018, providing an annual power average of 102.05 million kWh, dealing with power shortages in some central provinces./.

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