India grants loans to build power plant in Viet Nam
08/01/2008 -- 9:42 PM
New Delhi (VNA) – The Indian Government will grant Viet Nam a loan of 45 million USD at an interest rate of 1.75 percent, for the building of the Nam Chien hydropower plant in northern Son La province.An agreement to this effect was signed in New Delhi on January 8 by Deputy Director of the Vietnamese Finance Ministry’s Department of External Finance Vu Xuan Hieu and Chief General Manager of the Export-Import Bank of India Prabhakar Dalal.
Under the agreement, the BHEL (Bharat Heavy Electricals Limited) of India will provide equipment including turbines, transformers and controls to the hydropower plant.
The agreement was in implementation of the results of Vietnamese Prime Minister Nguyen Tan Dung’s visit to India in July 2007.-Enditem
(VNAgency)
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