Hanoi, Dec. 27 -- The Vietnam Electricity (EVN) Group has announced that it signed a credit agreement with the French Development Agency (AFD) for a loan worth 76 million EUR (89.47 million USD) to implement the Bac Ai pumped-storage hydropower plant (Bac Ai project) in Khanh Hoa province. This is the first of six loans, totaling nearly 480 million EUR, provided by a consortium of six lenders for the project. The Bac Ai hydropower project has a designed capacity of 1,200 MW, comprising four turbines of 300 MW each, with a total investment of 21.1 trillion VND (802.5 million USD). It is included in the list of power projects approved in principle for investment by the Prime Minister. EVN has assigned the Power Project Management Board No. ...