Tools: Save | Print | E-mail | Most Read
China Offers Vietnam US$147 Mln Power Station Loan
Adjust font size:

To assist finance with the construction of a thermal power station in Vietnam, the Export-Import Bank of China (Eximbank) said Tuesday it had signed an agreement to provide a US$147 million loan for the project.  


The power station, to be operated by the Vietnam Coal and Minerals Group, is a major project in the Asian country's power generation development plan for 2006-2010.


The project will have two generating units each with a capacity of 110 megawatts. At a cost of US$212 million the power station is expected to be operational by 2008.


China's Shanghai SFECO group won the contract to build the main part of the power station at a cost of US$173 million.


Eximbank, a major government-owned policy bank in China, has been actively involved in helping Chinese contractors to compete in the international market.


According to the bank, it has so far provided US$1 billion in buyers' credit loans to foreign power station projects built by Chinese contractors.


(Xinhua News Agency May 10, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
China, Vietnam Ink Electricity Supply Deal
Strong China Helps Neighbors Develop
Mekong River Nations Vow More Cooperation on Resources
Exporting Electricity to Southeast Asia
Mekong Countries Beef up Cooperation

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
Copyright © All Rights Reserved     E-mail: Tel: 86-10-88828000 京ICP证 040089号