ADB finances a hydropower project in Central VN

VGP - Governor the State Bank of Việt Nam Nguyễn Văn Giàu and Country Director for ADB's Resident Mission in Việt Nam Ayumi Konishi inked a US $196 million loan for the Song Bung 4 hydroelectric plant project on October 6, in Hà Nội.

October 06, 2008 5:50 PM GMT+7

Photo: VGP

The total investment values US $265.91 million of which the Electricity of Việt Nam (EVN) contributed US $69.91 million.

As the major investor, EVN intends to build a hydroelectric power plant with a capacity of 156 MW in Sông Bung, Quảng Nam Province. Once coming into operation in 2013, the plant will meet 16% of the nation’s demand for electricity.

At the signing ceremony, Mr. Ayumi Konishi stated that the Sông Bung 4 Hydropower Project not only satisfies Việt Nam’s increasing demand for electricity but also represents an exemplary model in which hydroelectric power production goes with environmental sustainability and social development in Việt Nam.

By Kim Loan