Dong Nai: Soft loans provided to build rural grids
The People’s Committee of southern Dong Nai province will provide the Dong Nai Power Co. Ltd (PC Dong Nai) with soft loans to construct rural medium-voltage grids in the province.
The 68 billion VND (3.16 million USD) loans will be allocated for building 126 kilometres in electric networks and 97 transformer stations to support local agricultural production.
Scheduled to be completed by the end of 2015, the construction will be concentrated in Trang Bom, Xuan Loc and Cam My districts as part of a plan by local authorities to develop livestock breeding and large-scaled agricultural production in these areas.
A grid supplying medium-voltage power to two major slaughterhouses in Vinh An town and Thanh Phu commune, Vinh Cuu district will be built with a combined investment of 1.4 billion VND (65,000 USD).
PC Dong Nai Deputy Director Do Xuan Tam said thanks to the special loans, the company is able to help improve local infrastructure towards the National Target Programme on building new-style rural areas in the locality by 2020.
VNA
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