This is the first occasion in which KfW is providing a direct loan to EVN without a government guarantee.

The Tri An Hydropower Plant Extension is an EVN venture in the southern province of Dong Nai. Tri An is the last hydropower dam of a cascade before the Dong Nai River flows through Ho Chi Minh City. The plant extension is designed with a capacity of 200 MW, located parallel to the existing Tri An Hydropower Plant.

The project aims to ensure a stable and cost-effective electricity supply while being environmentally and socially friendly, in line with the sustainable development orientation of Vietnam’s electricity sector. The venture meets international technical practices as well as environmental and social standards according to KfW's sustainable development guidelines.

The signing of the loan agreement marks an important step for the implementation of the Tri An Hydropower Plant Extension, underscoring the efficient and long-term partnership between EVN and KfW in sustainable energy development.

KfW is one of the largest banks in Germany, and EVN is one of its most important partners in Vietnam. Since 2009, KfW has signed nine official development assistance (ODA) and non-refundable loan agreements with the power provider worth about €891.5 million ($1.04 billion), of which six projects have been completed and disbursed KfW loan capital.

In addition, KfW has committed about €800 million ($929 million) of ODA capital, preferential loans, and non-government guaranteed loans to back several new EVN ventures and those of its member companies.