A VND1.8T (US$112.5M) loan contract has been singed by Electricity of Vietnam (EVN) and domestic banks for the construction of Se San 4 hydro power station 4, located in the provinces of Gia Lai and Kon Tum.

Key lenders for the project were the Vietnam Foreign Trade Bank, the Vietnam Investment and Development Bank, the Vietnam Industry and Commerce Bank, and the Vietnam Agriculture and Rural Development Bank.

The overall investment for the 360MW Se San 4 project is thought to be more than VND5.5T (US$343.5M). It has been financed mainly through bank and foreign loans, with EVN contributing 30%.

Related Articles
Spotlight on… Vietnam