VILAF extends our congratulations to the Agence Française de Développement (AFD) and the National Power Transmission Corporation (EVNNPT) on the signing of the €67 million (approximately USD75 million) loan agreement for the funding of the expansion and modernisation of power transmission grids in Vietnam.
The official signing ceremony was held last week, during the official visit of French President Emmanuel Macron to Vietnam.
The loan will support the development of the construction of two new 500kV substations and associated transmission lines in Binh Duong and Dong Nai provinces. This marks the first international funding Vietnam has received through the Just Energy Transition Partnership (JETP), which was established in 2022 to support emerging economies to achieve their climate, green transition and sustainable development goals.
VILAF’s Partner Tung Nguyen and Associate Chau Nguyen are advising AFD in this transaction.
Related article: EVNNPT and AFD sign agreement to expand and modernize the power transmission grid
