EVN secures credit for Lai Chau hydropower plant

Electricity of Vietnam Group (EVN) has secured a credit agreement with Vietnam Development Bank for handling the resettlement of local people who gave land to the Lai Chau hydropower plant.
The VND4.6 trillion credit, signed in Hanoi on May 19, will also be used for the manufacture of machinery in service of the Lai Chau power plant, which is located in the northern province of the same name.

Construction of the Lai Chau hydropower plant, estimated to cost VND37.5 trillion, started in January this year.

Once completed in 2017 as planned, it will have three turbines with a total capacity of 1,200 MW. – VIR

Tags:

Posted by VBN on May 20 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 Singapore Business News

  • ASEAN pressed to ensure region’s energy security
  • Oppenheimers to boost Temasek JV funding with De Beers cash
  • STI increases 1.4% to 2,848.24 at closing
  • ST Engineering’s 3Q net profit up 3% to $133.8m
  • ST Engineering 3Q profit increases by 3% to $133.8m
  • PLife Reit’s Q3 revenue hits S$22m

RSS India Business News

  • Institutional support, higher yields to give liquid funds an edge despite deregulated savings bank rate
  • Govt plans to ask PSUs sitting on cash piles to buy back shares
  • Indian share markets volatility to continue as situation in Greece unfolds in coming weeks
  • Brokers may deduct 10% tax on transaction charges for online trading
  • Cos operating ponzi schemes promise investors returns as high as 300%
  • India’s $500 bn export target for 2014 acheivable: PHD Chamber

RSS Malaysia Business News

  • Higher RM4.5bil gold jewellery exports seen this year
  • Demand for luxury residential properties expected to turn cautious
  • Battle for market share between GAB and Carlsberg
  • Tenaga faces cash shortage
  • Kulim to stage follow-through rebound
  • A pause for consolidation

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.