The Da Nang branch of the Military Joint Stock Commercial Bank (MB) has just signed an agreement to provide a loan worth 835 billion VND to Electricity of Viet Nam’s National Power Transmission Corporation (EVNNPT).

Under this agreement, funds will go towards implementing several power transmission projects in the central region.  They are the 220kV Vinh Tan – Thap Cham Nuclear Power Project, the 220kV Thap Cham Transformer Station and other transmission lines.

In Da Nang, the Power Transmission Company No2, under the management of EVNNPT, will receive a 300 billion VND loan to implement such local power projects as the 220kV Ngu Hanh Son Transformer Station and the 220kV Da Nang – District 3 power transmission line.  This will help to ensure sufficient power supplies from the 500kV Da Nang Station to other 110kV transformer stations across the city.