ADB funds hydro-electric power plant

The Asian Development Bank (ADB) today announced it will provide US $196 million as loan to Vietnam for construction of the Song Bung 4 hydropower plant project.

The 156-megawatt Song Bung 4 hydropower project will be built on the Song Bung River in central province of Quang Nam. Construction of the plant is scheduled to be completed in 2013.

This is the first hydroelectric project in Vietnam to receive funding from a multilateral financing institution.

The project also includes a 35-kilometer long, 220-kV transmission line to Thanh My in Nam Giang district. The total cost of the dam is $267.3 million. The balance of the funding is being provided by the Vietnam Development Bank and Vietnam Electricity.

ND

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