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Credit provided to power transmission project

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.
 
Credit provided to power transmission project - 1
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.
Source: VNA
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