EVN takes French loan of €80mln for southern grid
An €80 million ($87.8 million) loan signed on March 28 between Electricity of Vietnam (EVN) and the French Development Agency (AFD) aims to strengthen Vietnam’s southern power grid, freeing up capacity of renewable energy sources in southern provinces and contributing to the country’s low-carbon and energy transition. AFD has committed total funding of about €350 million to EVN through unsecured government loans.