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Vietnam : US$500 million WORLD BANK loan for VIETNAM's electrical grid

August 11, 2014

US$500 million in loan has been sanctioned by the World Bank for the Vietnamese government to improve the capacity and efficiency of electrical transmission to areas that are key to the country s economic development, which includes the expanded areas of Hanoi and Ho Chi Minh City, the Mekong Delta region, and the central region.

The World Bank said, the project will finance transmission lines and substations with 220 and 500 kilovolt capacities for expansion of the transmission capacity and reliability of the grid.

During the 2015-2020 period, it will cover financing for nearly 15 percent of Vietnam s transmission network growth, mainly targeting key investment requirements in major economic development areas where already transmission overloads exists or are expected in future. The project will also support Smart Grid technologies for monitoring, controlling, and protecting equipment to improve reliability and reduce electricity outages.

Additionally, the project will support operational and financial independence thereby helping in boosting the capacity of the National Power Transmission Company, as per the power sector reforms program.

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Source: TendersInfo (India)

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