Vietnam Development Bank to provide loan for Lai Chau hydro project

The Vietnam Development Bank will provide a loan of US$219 million for the construction of the 1,200-MW Lai Chau hydropower plant in Vietnam, media reports indicate.

The loan will be used will be used for migration, resettlement and the manufacture of hydraulic machines for the hydropower plant, which being developed by state owned electric utility Electricity of Vietnam (EVN).

A ground-breaking ceremony recently was completed for the US$1.8 billion Lai Chau hydropower project.

The hydro project, located in Nam Hang Commune in Lai Chau Province, is expected to start generating in 2017.

For more hydropower news and information, click here

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs