EVN: Another important step forward for the Tri An Hydropower Expansion Project

(Chinhphu.vn) - On June 24, 2025, in Frankfurt (Germany), Vietnam Electricity Group (EVN) and the German Development Bank (KfW) signed a loan agreement worth 65 million EUR for the Tri An Hydropower Plant Expansion Project. This is an important milestone, marking the first time KfW has lent directly to EVN without a government guarantee.

EVN mobilizes 65 million EUR for Tri An Hydropower Expansion Project

The signing event was attended by Mr. Vo Hong Linh, member of EVN Board of Directors, Mr. Nguyen Xuan Nam, Deputy General Director of EVN, and KfW representative Mr. Frank Bohnet, Director of East Asia and Southeast Asia region...

The Tri An Hydropower Plant Expansion Project (in Dong Nai Province) invested by EVN is the last dam/hydropower plant in the hydropower cascade on the Dong Nai River system before the river flows through Ho Chi Minh City. The expansion plant has a designed capacity of 200 MW, located parallel to the existing Tri An Hydropower Plant.

The investment and construction objective is to contribute to ensuring a stable and cost-effective electricity supply, while being environmentally and socially friendly, in line with the sustainable development orientation of the Vietnamese Electricity Industry. The project fully complies with the provisions of Vietnamese law, current technical standards, and meets international technical practices and environmental and social standards according to the sustainable development guidelines of the lender - the German Reconstruction Bank (KfW).

The signing of the Loan Agreement marks an important step forward in the implementation of the Tri An Hydropower Plant Expansion Project, and continues to affirm the effective and long-term cooperation relationship between EVN and KfW in the field of sustainable energy development.

KfW is one of the largest banks in Germany. In Vietnam, EVN is one of KfW's most important partners. In the electricity sector, since 2009, KfW has signed 9 ODA funding agreements and non-refundable loans for EVN with a total capital of 891.5 million EUR, of which 6 projects have been completed and disbursed KfW loans.

For new projects, KfW has committed about 800 million EUR of ODA capital, preferential loans, and loans without government guarantees to implement new projects of EVN and EVN's member corporations in the coming time.

Mai Chi

Source: https://baochinhphu.vn/evn-them-buoc-tien-quan-trong-cho-du-an-thuy-dien-tri-an-mo-rong-102250625153716893.htm