Prime Minister Nguyen Tan Dung » Prime Minister's Opinion » Prime Minister Nguyen Tan Dung approves the WB-funded project

(Prime Minister's Opinion) - Prime Minister Nguyen Tan Dung has approved the outcomes of negotiations on the project “Efficient Distribution.”

The project will be financed by the International Development Association (IDA) under the World Bank (US$448.9 million), Clean Technology Fund (US$30 million), and AusAid (US$7.6 million).

Illustration photo

Illustration photo

The Government chief assigned Governor of State Bank of Viet Nam Nguyen Van Binh to sign the agreement and related documents of the project.

The project is designed to improve the efficiency of electricity distribution and the capacity of the Electricity Regulatory Authority of Viet Nam (ERAV) and five power corporations.

It is expected to contribute to the realization of targets defined in the National Strategy for energy development until 2020.

By Huong Giang (Source VGP)