National power transmission project ratified

15:11 | 17/09/2015 Industry

The PM has approved the third phase of the National Power Transmission Corporation’s (NPT) power project with loans sourced from the Asian Development Bank (ADB) and the German Development Bank (KFW).

National power transmission project ratified

Illustration photo

The project, with a total investment capital of US$462 million, including an Official Development Assistance loan of US$317.36 million and the corresponding capital of US$144.64 million, will be launched within three years (2015-2018).

The project is aimed at expanding and developing the power transmission network nationwide, reducing the overload of the national power grid, meeting the growing electricity demand of domestic industries as well as increasing the quality of the national power transmission system./.

Source: VGP