VND1.6 trillion for upgrading northern power network

Power Company No. 1 said that it would spend nearly VND1.6 trillion (US$89.6 million) installing new electricity meters and upgrading low-voltage networks in 19 northern provinces.

The German Bank for Reconstruction (KFW) will provide loans worth of around VND1.3 trillion.

The three-year project, which will last until 2011, aims to replace 2.4 million electricity meters on at least 49,338km of the 0.4kV power line in nearly 2,640 communes.

VOV

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