Thuong Kon Tum hydropower plant gets additional loans
Vietcombank and Vietinbank have signed revised agreements to provide additional loans of VND1.4 trillion (US$61.67 million) to the Thuong Kon Tum hydropower plant.
Vietcombank and Vietinbank have signed revised agreements to provide additional loans of VND1.4 trillion (US$61.67 million) to the Thuong Kon Tum hydropower plant.
Under the agreements signed last week, Vietcombank will raise its loan from VND700 billion to VND1.6 trillion while the increasing loan from Vietinbank will be VND500 billion.
With the additional loans, the Vinh Son-Song Hinh Hydro Power Joint Stock Company (VSH) has also pledged to speed up the construction to be able to put the plant belonging to the VSH into operation in 2019.
The plant, which is located at the Kon Tum Central Highlands Province’s Se San River, will generate an average output of 1,094 million KWh per year. — VNS
