EVN signs loan agreement for Tri An hydropower plant expansion project

(Dan Tri) - On June 24, in Frankfurt (Germany), Vietnam Electricity Group (EVN) signed a loan agreement worth 65 million EUR (about 1,755 billion VND) with the German Reconstruction Bank (KfW) for the Tri An Hydropower Plant expansion project.

This is the first project that KfW lends to EVN in the form of a direct loan, without a government guarantee.

On EVN's side, there were Mr. Vo Hong Linh (Member of the Group's Board of Members), Mr. Nguyen Xuan Nam (Deputy General Director of the Group) and leaders of relevant functional departments, representatives of Power Project Management Board 3 (project implementation unit).

On the KfW side, Mr. Frank Bohnet (KfW Regional Director for East Asia and Southeast Asia) and Mr. Jochen Meyer-Lohmann (KfW Senior Project Manager) represented the signing of the loan agreement.

Vietnam Electricity Group (EVN) and German Development Bank (KfW) signed a loan agreement.

The Tri An Hydropower Plant Expansion Project (in Dong Nai Province) is invested by EVN. This is the last dam and hydropower plant in the hydropower cascade on the Dong Nai River system before the river flows through Ho Chi Minh City. The expansion plant has a designed capacity of 200MW, located parallel to the existing Tri An Hydropower Plant.

The investment and construction objective is to contribute to ensuring a stable and cost-effective electricity supply, while being environmentally and socially friendly, in line with the sustainable development orientation of Vietnam's electricity industry.

The project fully complies with Vietnamese laws and current technical standards, while meeting international engineering practices and environmental and social standards according to the Sustainable Development Guidelines of the lender - the German Reconstruction Bank (KfW).

The signing of the Loan Agreement marks an important step forward in the implementation of the Tri An Hydropower Plant Expansion Project, while continuing to affirm the effective and long-term cooperation relationship between EVN and KfW in the field of sustainable energy development.

KfW is one of the largest banks in Germany. In Vietnam, EVN is one of KfW's most important partners. In the electricity sector, since 2009, KfW has signed 9 ODA funding agreements and non-refundable loans for EVN with a total capital of 891.5 million EUR, of which 6 projects have been completed and disbursed KfW loans.

For new projects, KfW has committed about 800 million EUR (about 21,600 billion VND) of ODA capital, preferential loans, and loans without government guarantees to implement new projects of EVN and EVN's member corporations in the coming time.

Expected key milestones of the Tri An Hydropower Plant Expansion Project: June: Start construction of main project items; Quarter III/2027: Operate unit 1; Quarter IV/2027: Operate unit 2 and complete the entire project.

Contact information:

Vietnam Electricity Group.

Address: No. 11 Cua Bac Street, Truc Bach Ward, Ba Dinh District - Hanoi.

Email: bantt@evn.com.vn

Phone: 024.66946405/66946413;

Website: www.evn.com.vn

Fanpage: www.facebook.com/evndienlucvietnam

Youtube: https://www.youtube.com/c/VIETNAM ELECTRICITY_EVNnews

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Source: https://dantri.com.vn/kinh-doanh/evn-ky-ket-hiep-dinh-vay-von-cho-du-an-nha-may-thuy-dien-tri-an-mo-rong-20250625163349182.htm