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| Ceremony of contract signing between the four commercial banks and Vinh Tan 4 thermoelectric plant |
The project,
invested in by the EVN group, is one of the five thermoelectric plants in the
Vinh Tan power complex in the south central province of Binh Thuan.
It has a total investment of VND23,927 billion (an equivalence of 1.1 billion
USD) and a capacity of 600 MW. After putting into operation, it will supply an
output of 3.9 billion kWh of electricity to the national grid.
The four commercial banks include An Binh Bank, acting as a coordinator with the Viet Nam Bank for Agriculture and Rural Development, the Tien Phong Bank, the LienVietPost Bank and the HCM City Housing Development Bank. They will arrange the financial package for the project’s expansion in Vinh Tan, according to Electricity of Viet Nam (EVN) officials.
Under the contract, the loan will have a term of 15 years (180 months), with a grace period of 60 months. The project has been listed among the urgent projects for 2013-2020.
M.T (Source: Laodong Newspaper)
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