French superbank lends $178 mln for power plant
Print 
French lender Credit Agricole Corp. and Investment Bank has signed a deal to lend US$178 million to help finance Dakdrinh Hydropower Joint Stock Co.’s hydropower project.
The amount, which accounts for 80% of the project’s capital, is a 13-year loan guaranteed by Vietnam’s Finance Ministry.
The hydropower project is under construction in Quang Ngai Province’s Son Tay District and KongPlong District in Kon Tum Province.
The 125-megawatt power plant, which is the biggest one on Tra Khuc River, is expected to generate electricity as of late 2013.
