HBO – The Hoa Binh province branch of the Bank for Agriculture and Rural Development of Vietnam (Agribank), the Agribank branch in Son La province, and Xuan Thien Son La Limited Company have signed a credit contract for the Suoi Sap 2A Hydro-power plant project.


The Suoi Sap 2A Hydro-power plant project has a capacity of 49.6MW with two turbines. It is being built by the Xuan Thien Son La Limited Company in Ta Xua and Phieng Banh communes in Son La’s Bac Yen district.

 

Leaders of Agribank-Hoa Binh, Agribank-Son La and Xuan Thien Son La Limited Company sign the credit contract on Suoi Sap 2A Hydro-power plant project.

The total investment of the project is 1.562 trillion VND (excluding VAT), of which 694 billion VND is contributed by the investor, and 868 billion VND is sourced from loans from Agribank Hoa Binh (347.2 billion VND) and Agribank Son La (520.8 billion VND).

 Construction on the project began in October 2018 and is expected to complete in August 2022. Once operational, the project is expected to generate electricity for the national grid, contribute to the State budget and the locality’s socio-economic development.


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