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Support credit for development of distribution grid

In order to implement the “Southern Distribution Grid Project” to release the capacity of renewable energy sources, which have developed very rapidly in this area, on the morning of March 28, the Electricity of Vietnam (EVN) and the National Assembly French Development (AFD) has signed a credit agreement for a loan of 80 million euros.

According to a representative of EVN, once completed, the project will help improve efficiency power supply for the southern region; reduce power shortages and overloads in many areas; while improving quality, safety and reducing power loss on the transmission system.

In particular, the project will contribute to freeing up the capacity of renewable energy sources, which are growing very rapidly in the southern region, contributing to the transition of energy and low carbon in Vietnam.

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