Vietnam's EVN secures $1.13 billion loan for LNG power plant project
HANOI -- Vietnam's state utility EVN signed an agreement on Friday for a syndicated loan worth 29.57 trillion dong ($1.13 billion) to build an LNG-fired power plant, the company said.
The loan is provided by four of Vietnam's top banks, including Vietcombank, VietinBank, BIDV and Agribank, EVN said in a statement.
The Southeast Asian country is seeking to ramp up its power generation capacity to keep up with its expanding economy, which grew 8% last year.
The loan will cover around 56% of the funding needed for the 1,500-megawatt Quang Trach II power plant to be built in the central province of Quang Tri, EVN said.
The plant is scheduled to be fully operational by 2030.
($1 = 26,235 dong)
Reuters
Link nội dung: https://news.tuoitre.vn/vietnams-evn-secures-113-billion-loan-for-lng-power-plant-project-103260117101401569.htm