Development power grids in Hanoi and Ho Chi Minh cities
08:35 | 31/01/2015
Accordingly, a $ 272.7 million ADB &AIF is re-borrowed from Vietnamese government by EVN HA NOI and EVN Ho Chi Minh city with a 0.25% annual additional fee according to the loan conditions of ADB and AIF. The re-borrow term is the same the borrow term from ADB&AIF as 20 years with a graceful time up to March 15, 2020
Regarding the counterpart fund, EVN Hanoi and EVN Ho Chi Minh city are responsible to arrange 100% sum of their part.
The Prime Minister assigned the Ministry of Finance to sign an Agreement for Auxiliary Borrowing with EVN HA NOI and EVN Ho Chi Minh city in accordance with the Agreement between Vietnamese government and ADB & AIF and the current Regulations.
At the same time, Electricity of Vietnam (EVN) is responsible to guarantee for EVN Hanoi, EVN Ho Chi Minh city and commit to pay the debt in case if EVN Hanoi and EVN Ho Chi Minh city should not pay according to the Agreement for Auxiliary Borrowing and the current Regulations.
VietnamEnergy.vn
