Accordingly, Bac A Bank has been selected as the bank to finance 6 out of 13 investment projects of "Transformer stations, transformers" and "Power transmission lines" of EVN NPT, with a total credit amount of up to 2,555 billion VND.
The signing ceremony of the sponsorship contract between Bac A Bank and EVN NPT is an important event marking the cooperation between the two sides, opening a journey of close connection on the basis of sharing benefits - towards the goals of sustainable development and mutual prosperity.
According to the cooperation agreement, Bac A Bank is a partner of EVN NPT in 06 key projects such as: Project of installing the second 500 kV - 900 MVA transformer and the second 220 kV - 250 MVA (Mega Volt Ampere) transformer at Chon Thanh 500 kV transformer station; Project of installing the second 500 kV transformer and the 220 kV transformer at Duc Hoa 500 kV transformer station and connection; Project of Chan May 220 kV transformer station and connection line; Project of Gia Loc 220 kV transformer station and connection line; Project of Hai Hau 220 kV transformer station and connection line; Project of Lap Vo 220 kV transformer station and connection line.
In this first phase, the two units signed a capital financing contract for two transmission projects of EVN NPT with a total value of 820 billion VND, including: Project to install the second 500kV-900MVA transformer and the second 220kV-250MVA transformer at Chon Thanh 500kV transformer station with a value of 350 billion VND. Project to install the second 500kV transformer and the 220kV transformer at Duc Hoa 500kV transformer station and connection with a value of 470 billion VND.
Speaking at the signing ceremony, Mr. Dang Trung Dung - Permanent Deputy General Director of Bac A Bank - said: “Bac A Bank is one of the pioneering banks in investment consulting in the fields of sustainable development; high-tech agriculture such as clean fresh milk, clean food, clean medicinal herbs and projects on healthcare, education, etc. Bac A Bank also sponsors many large projects on wind power, solar power, hydropower, BOT projects and afforestation projects. Therefore, it is an honor for BAC A BANK to accompany EVN NPT in the process of developing the national power transmission system, contributing to ensuring energy security, serving the economic, political, social, security and defense development of the country”.
With the motto "Serving customers best for development", Bac A Bank always aims to build comprehensive and synchronous solution packages, designed to suit each customer; contributing to accompanying businesses to complete plans and achieve sustainable success. Cooperating with EVN NPT, BAC A BANK has built a Supply Chain Financing solution package including: credit financing for EVN NPT investors with preferential interest rates, reduced guarantee service fees; at the same time, providing a synchronous range of diverse financial service products, full financing for Contractors, ready to take on the role of re-lending organization for ODA Projects for EVN.
Also at this signing ceremony, EVN NPT Deputy General Director Nguyen Ngoc Tan said: “This credit loan contract signing ceremony is the result of the cooperation process as well as the very active and close efforts of the parties in the past time. We are committed to using the capital for the right purpose and effectively. EVN NPT commits to its responsibility to each partner, always complying with state regulations, national and international standards, being transparent in all activities, aiming for economic, social and environmental efficiency.
At the same time, EVN NPT also hopes that Bac A Bank will accompany EVN NPT in arranging capital for EVN NPT to complete its investment and construction goals to ensure the country's energy security."
Currently, Bac A Bank's charter capital is approximately 9,000 billion VND, total asset value reaches more than 156 trillion VND, with a network of 178 transaction points nationwide.
