Hanoi, June 25 -- Vietnam Electricity (EVN) has signed a loan agreement worth 65 million EUR (75.5 million USD) with the German Reconstruction Bank (KfW) for the Tri An hydropower plant expansion project, the group has announced.

This is the first project that KfW has lent to EVN in the form of a direct loan, without a government guarantee.

The expanded Tri An hydropower plant is the last one in the hydropower cascade on the Dong Nai river system before the river flows through Ho Chi Minh City.

The expanded plant has a designed capacity of 200MW, located parallel to the existing Tri An hydropower plant. It is expected to contribute to ensuring a stable and cost-effective electricity supply.

The signing of the loan agreement marked an ...