Attending the signing ceremony on behalf of EVNNPT were Mr. Nguyen Ngoc Tan - Deputy General Director, Mr. Nguyen Nhu Thong - Chief Accountant, leaders of the Northern Power Project Management Board (NPMB), leaders of EVNNPT's professional departments.
On VDB's side, there were Mr. Bui Van Thong - Deputy General Director, Mr. Le Van Nam - Deputy General Director of VDB and Director of Transaction Department I.
The 220kV Lao Cai Coal - 500kV transmission line project is invested by EVNNPT, NPMB will manage and operate on behalf of the investor and Power Transmission Company 1 will receive operation after completion.
The scale of the project includes the construction of a new 220kV line of two tracks from the 220kV Coal Uyen Transformer Station (Lai Chau province) to the 500kV Lao Cai substation, with a total length of 73.5 km.
Of which, the section passing through Lai Chau province is 5.8 km long (12 pillar locations) located in Muong Than commune; the section passing through Lao Cai province is 67.7 km long (including 144 pillar locations) passing through 9 communes including: Nam Xe, Minh Luong, Duong Quy, Van Ban, Nam Chay, Vo Lao, Tang Loong, Bao Thang and Xuan Quang.
The project, once completed, will be of great significance in enhancing power transmission capacity, meeting the need to release the capacity of hydropower plants in Lai Chau and Lao Cai areas to the national power system, contributing to ensuring stable and continuous power supply for the area.
Along with that, the project contributes to reducing power losses, improving the efficiency of power production and business of Vietnam Electricity Group (EVN), and at the same time actively contributing to the socio-economic development of the locality and the region.
Speaking at the ceremony, Mr. Le Van Nam - Deputy General Director of VDB and Director of Transaction Department I said: EVNNPT is a traditional customer in the credit relationship with VDB. The state investment credit contract to finance the 220kV Coal - 500kV Lao Cai Power Line Project is a concretization of the memorandum of understanding signed between EVNNPT and VDB.
The signing ceremony of the State's Investment Credit Contract today affirms the position of the Department of Transaction I in the VDB system, a solid step to build a truly strong Department of Transaction I. Affirming that VDB is fulfilling its mission in supporting and promoting the country's economic development, especially in the field of investment in building socio-economic infrastructure.
Mr. Le Van Nam - Deputy General Director of VDB and Director of Transaction Department I pledged to continue to closely coordinate with EVNNPT and member units throughout the project implementation process and believes that the project will be completed on schedule, achieve high efficiency, and bring practical benefits to the community.
Speaking at the ceremony, Mr. Le Van Khai - Acting Director of NPMB said: This is an urgent project that plays an important role in ensuring national energy security. Today's signing not only marks a specific step in the project implementation process, but also demonstrates the trust and effective coordination between major state-owned organizations towards the goal of sustainable development of the energy sector.
NPMB highly appreciated the professional, responsible and accompanying working methods of the Vietnam Development Bank, especially the Department of Transactions I throughout the appraisal and capital allocation process for the project. This support is not only a financial resource but also a confidence for NPMB to continue implementing other projects in the future.
NPMB is committed to strictly and fully implementing the provisions of the credit contract; using capital for the right purpose, ensuring investment efficiency and closely coordinating with the Department of Transaction I throughout the disbursement and implementation of the project. This is NPMB's responsibility, and at the same time, it is a practical thank you to all parties who have trusted and accompanied. With the close direction of EVNNPT leaders and effective support from VDB, NPMB believes that the project will be implemented on schedule, ensuring quality and investment efficiency.
