Vietcombank finances 785 billion VND for BP Solar 1 Power Project

Vietcombank finances 785 billion VND for BP Solar 1 Power Project - 

The signing ceremony of the 785 billion VND credit contract for the BP Solar 1 project between Vietcombank and BP Sola JSC has just taken place in Hanoi.

Representatives of Vietcombank Transaction Office and BP Solar JSC signed the contract.

BP Solar 1 solar power project with a capacity of 46MW and a total investment of 1,21,200 billion VND is developed in Huu Phuoc commune, Ninh Phuoc district, Ninh Thuan province.

This is one of the earliest solar power projects in Ninh Thuan province that expected to be put into operation in early 2019.

Vietcombank considers that in recent years the bank recognized the importance of the power system to the economy, while adhering to the Government's direction on encouraging the development of clean energy sources, so it already supported a number of clean energy and renewable energy projects such as small and medium hydropower projects, ecological thermal power projects and solar power projects

The investment in this solar power project once again confirms the determination of Vietcombank to keep abreast of the Government's direction not only in supporting socio-economic development but also in ensuring energy security, contributing to conservation of natural resources, minimizing environmental pollution; building the image of Green Bank – orienting to community and for community.

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