Vietnam Electricity (EVN) and France’s AFD sign a loan agreement. (Photo: EVN)
Vietnam’s first pumped-storage hydropower project has secured backing from the Agence Française de Développement (AFD) and a group of international financial institutions.
Vietnam Electricity (EVN) and AFD signed a loan agreement on Dec. 26, under which the project is expected to receive EUR 76 million (approximately USD 89.4 million) in financing. The funding is set to enhance the flexibility of Vietnam’s power grid and further support the integration of renewable energy.
