AFD lends $80mln to EVN for Hoa Binh hydropower expansion

Electricity of Vietnam (EVN) has been granted a concessional loan of €70 million ($80.34 million) without government guarantee from the French Development Agency (AFD), accounting for about 20 per cent of total investment in the Hoa Binh hydropower plant expansion project. This project and other expansions of hydropower projects are part of EVN’s green and sustainable energy development strategy.