PetroVietnam, BIDV lend $20 million to highlands power project

The amount, roughly US$20.8 million, will fund just a part of the VND406 -billion Yan Tann Sien project in Lac Duong District, 12 kilometers from the resort town of Da Lat in the Central Highlands province. When completed in the second half of 2011, the power plant is expected to produce 79 million kilowatt hours a year. Cao Nguyen-Song Da Hydropower Joint Stock Company will develop the plant under a build-own-operate model, the firm’s Director Nguyen Ngoc Canh said Friday (15 May 2009).