ID :
53779
Sat, 04/04/2009 - 09:05
Auther :
Shortlink :
http://m.oananews.org//node/53779
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ADB provides 151m USD for power plants
Hanoi (VNA) - Vietnam will receive a 151 million USD soft loan from the Asian Development Bank (ADB) to fund the construction of power plants in remote areas of the country, said the AFP.
Manila-based ADB was cited as saying that the loan will finance between 5-10 mini
hydropower plants to serve communes in mountainous areas in Vietnam 's northern
and central regions.
The loan is payable over 32 years and the projects are slated for completion by
2015.
Vietnam needs over three billion USD annually over the next 10 years to
bring electricity to the nine percent of households that currently lack
power.-Enditem
Manila-based ADB was cited as saying that the loan will finance between 5-10 mini
hydropower plants to serve communes in mountainous areas in Vietnam 's northern
and central regions.
The loan is payable over 32 years and the projects are slated for completion by
2015.
Vietnam needs over three billion USD annually over the next 10 years to
bring electricity to the nine percent of households that currently lack
power.-Enditem
