The project is financed through a 20-year loan worth of US$272.7 million with a grace period till March 15, 2020.
The Ha Noi Power Corporation and Ho Chi Minh City Power Corporation will be responsible for balancing and arranging 100% of the corresponding capital for the project.
The project, launched from 2014-2020 in Ha Noi and Ho Chi Minh City, will develop and upgrade substations, expand 110 kilovolt and 220 kilovolt transmission lines, and increase transformer capacity to ensure a smoother and more reliable supply and reduce outages caused by overloading.
By Thuy Dung
