The Mekong Housing Bank (MHB) signs a contract with EVN to lend VND376 billion (US$18 million) to build a new 220kV power transmission from the Thuong Kon Tum to Quang Ngai. — Photo dantri.com.vn

DA NANG (Biz Hub) — The Mekong Housing Bank (MHB) has agreed to provide a VND376 billion (US$18 million) loan to build a new 220kV power transmission line from the Thuong Kon Tum-Quang Ngai plant.

The 76.5km long line project, with total fund of VND471 billion ($22.4 million), managed by the Management Board of Power Projects in the central region, will supply electricity from the Thuong Kon Tum hydropower plant to the national grid, Quang Ngai Province and the northern part of Binh Dinh Province. It will also set up a power transmission system in the central Highlands region.

The project was approved by the Government as part of the strategic plan proposed by the Electricity Group of Viet Nam. — VNS