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Nearly USD 367 million to develop power grids in Ha Noi, Ho Chi Minh city

Nearly USD 367 million to develop power grids in Ha Noi, Ho Chi Minh city - 

With the Nearly USD 367 million to develop power grids in Ha Noi, Ho Chi Minh city,  in which, ODA financed by ADB and ASEAN Infrastructure Fund (AIF) is USD 272.71 million; counterpart fund is USD 94.27 million arranged by Ha Noi Power Corporation and Ho Chi Minh City Power Corporation.

The Prime Minister has just approved list of Ha Noi, Ho Chi Minh City Power Grid Development Sector Project financed by Asian Development Bank (ADB). Total investment for the project is USD 366.98 million, in which, ODA financed by ADB and ASEAN Infrastructure Fund (AIF) is USD 272.71 million; counterpart fund is USD 94.27 million arranged by Ha Noi Power Corporation and Ho Chi Minh City Power Corporation.

The project is implemented from 2014 - 2016 in these two cities and directed by Ministry of Industry and Trade. Purpose of this project is to overcome interruption of power supply and reduce load of 220/110kV transmission system; as well as to reduce power loss; ensure power supply for demand of increasing load in these two cities in the period of 2014-2016, with consideration to 2020.

Vietnamenergy.vn

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