EVN’s transmission subsidiary National Power Transmission Corporation is in talks with a JV of Siemens AG, EDH Technology Development, Comin Asia, Toshiba Corporation and Hyundai Engineering and Construction for the execution of projects under the Power Transmission Investment Programme – Tranche 4 in Vietnam. Of the total project cost of $267 million, Germany-based KfW IPEX Bank GmbH will provide a loan of $71 million. The utility is in the process of securing a loan worth $144 million from the Asian Development Bank. The decision regarding raising the remaining $52 million will be taken once the EPC contractor has been finalised. Tranche 4 of the project is divided into four sub-projects, two of which include the 500 kV DucHoa–Chon Thanh and Song Hau–DucHoa overhead transmission lines. The other two are 220 kV substations at Chau Duc and Ben Luc. The project will enable electricity transmission from a large power plant cluster in the southern region to the national grid system, and will reduce power shortage in southern Vietnam.
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