xổ số miền trung Solar Power Plant Project is funded by HDBank

xổ số miền trung Power Joint Stock Company has just signed a loan agreement with Ho Chi Minh Development Joint Stock Commercial Bank (HDBank) to implement xổ số miền trung solar power plant project. [caption id="attachment_14867" align="aligncenter" width="640"] Loan Agreement Signing Ceremony for xổ số miền trung Solar Power Plant[/caption]

According to the signed contract, HDBank will grant long-term credit to xổ số miền trung Power JSC, ensuring the capital for the company to deploy the investment project of xổ số miền trung Solar Power Plant in Vinh Hao commune, Tuy Phong district, Binh Thuan province.

Speaking at the signing ceremony, Mr. Nguyen Anh Phung, HDBank Trung Hoa Director, said HDBank committed to accompany and support the best credit policies for xổ số miền trung Company, namely concessionary interest rates, loan time incentives, fees and transaction procedures for the project to be implemented effectively, ensuring quality and progress.

Mr. Nguyen Anh Phung also affirmed that the signing ceremony was the event that marking FECON together with Acwa Power which established xổ số miền trung Power JSC, to become HDBank's major partners in the coming time.

Mr. Nguyen Hoang Long, Director of xổ số miền trung Power JSC also said that in the process of approaching and negotiating with banks, xổ số miền trung Power JSC met HDBank which is a leading joint stock bank in Vietnam, has been responsive to approach the market and formulation strategy with clear criteria for financing solar power projects in Vietnam. xổ số miền trung project is one of the few projects that meet the requirements by HDBank.

In the next phase, with the determination to implement methodically and professionally of FECON and Acwa Power, together with the companion of HDBank, xổ số miền trung Power JSC is very confident in implementing successful projects though time is running out.

This project has been undivided attention by FECON and ACWA Power (Saudi Arabia), giving priority to both financial and managerial resources to implement 6 months ahead of the time signing credit agreement.

Currently, the project is under urgently construction to ensure the progress of putting into operation and national grid before June 30, 2019.

xổ số miền trung Solar Power Plant Project jointly developed by FECON JSC and Acwa Power Group, is the first renewable energy project of ACWA Power in Vietnam and also the first energy investment project of FECON’s. It is a promising start for the relationship between these two strategic partners in renewable energy investment in Vietnam.