On November 7, the signing ceremony of the power transmission project financing contract between Bac A Bank and EVN NPT took place solemnly with the participation of representatives of the two units.
Bac A Bank finances 6 power transmission projects. Photo: Tra My
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 financing 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 accompanying 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 the 500 kV Chon Thanh transformer station; Project of installing the second 500 kV transformer and the second 220 kV transformer of the 500 kV Duc Hoa transformer station and connection; Project of 220 kV Chan May transformer station and connection line; Project of 220 kV Gia Loc transformer station and connection line; Project of 220 kV Hai Hau transformer station and connection line; Project of 220 kV Lap Vo transformer station and connection line Thot Not - Lap Vo. In this first phase, the two units signed a capital financing contract for 2 transmission projects of EVN NPT with a total value of 820 billion VND including: Project of installing the second 500kV-900MVA transformer and the second 220kV - 250MVA transformer of the 500kV Chon Thanh transformer station with a value of 350 billion VND. Project to install the second 500kV transformer and 220kV transformer at Duc Hoa 500kV transformer station and connect with a value of 470 billion VND. Signing the contract to sponsor the installation project. Photo: Tra My 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... 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 synchronous and comprehensive solution packages, designed to suit each customer; contributing to accompanying businesses to complete their 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 services, 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: “The signing ceremony of this credit loan contract 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 VND 9,000 billion, the total asset value is over VND 156 trillion, with a network of 178 transaction points nationwide. Source: https://laodong.vn/thong-tin-doanh-nghiep/bac-a-bank-tai-tro-6-du-an-truyen-tai-dien-1418442.ldo
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