Vietnam Bags WB Loan to Develop Hydro Project

The World Bank has signed a deal with the State Bank of Vietnam to provide a credit facility of $330m for the construction of a hydro power plant in Vietnam.

Construction work on the 260MW Trung Son hydro power plant will begin this year and is expected to be fully operational by 2017.

The country draws more than one-third of its electricity from hydropower but is trying to diversify its energy supply through coal-fired plants and other sources, reports AFP.