Tag: Vietnam Electricity

The $105-million international syndicated green loan arranged by HSBC will assist the Vietnam Electricity's Northern Power Corporation (EVNNPC) in deploying energy storage systems at 70 existing substations, aiming to enhance load demand response capabilities and mitigate the risk of grid overload.

Financing is co-funded by a consortium of four leading domestic commercial banks: Vietcombank, VietinBank, BIDV, and Agribank.

Once operational, the expanded hydropower plant will enhance the power supply capacity for the Southern region.

This effort is vital to guaranteeing national energy security in a new era of digital transformation and high-tech development—the era of the nation’s rise.

The loan is provided by a consortium of four state-owned commercial banks of Vietcombank, VietinBank, BIDV, and Agribank, with Vietcombank serving as the lead bank.