EVN allowed to access preferential loans for many projects

In a bid to help Electricity of Vietnam (EVN) lessen the current financial difficulties, the prime minister has recently directed commercial banks to extend credit exceeding 15% of their equity for EVN and over 25% of the equity for EVN and its related agencies to carry out projects under the 6 power planning scheme.
EVN will also be granted guarantee by the Ministry of Finance (MoF) for domestic credit loans to pay for DO and FO purchase from thermo power plants under the direction of the prime minister.

Tags:

Posted by VBN on Jun 28 2011. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • Is the gold market getting overheated?
  • Strong dollar prompts investors to sell gold
  • Gold, silver up as investors soak in Obama, Bernanke speeches
  • Barrick Gold’s Pierina mine may operate til 2018
  • Gold futures shook off early weakness to edge higher Friday
  • South African reserves advanced 2.7 percent in August as a surge in the gold price
  • Gold futures rally as world economy, debt concerns spur demand for a haven
  • Gold dragged down by dollar spike, profit-taking

Sponsored

Looking for an overseas forex broker?