The Vietnam Development Bank has pledged long-term credits worth 662 billion VND to the National Power Transmission Corporation to implement the 500kV Quang Ninh – Mong Duong project.
The Vietnam Development Bank (VDB) on January 31 pledged long-term credits worth 662 billion VND ( about 31.5 million USD) to the National Power Transmission Corporation (NPT) to implement the 500kV Quang Ninh – Mong Duong project.
Illustrative photo
The transmission line plays an important part in the country’s power development strategy in the North East.
Stretching over 25.2 km, the line will connect the Mong Duong 1 and 2 thermal electricity plants to the national grid.
The credit will be used to pay for equipment procurement, compensation for relocation of residents in the project area.
