On 12/12/2017, in Hanoi, Song Tranh 4 Hydropower Joint Stock Company (a member of Ha Do Group) has signed credit cooperation contract with Bank for Investment and Development of Vietnam (BIDV) Ba Dinh Bank and the Bank for Investment and Development of Cambodia (BIDC) - Hanoi Branch, according to which the two banks will finance the Song Tranh 4 Hydropower project by Song Tranh 4 Hydropower Joint Stock Company As an investor with a credit limit of VND 1,224.8 billion.

Attending the Signing Ceremony of Ha Do Group was Mr. Nguyen Van Dong - General Director and his relatives in the BOD, Group Management Board, Mr. Le Xuan Long - General Director of Song Tranh 4 Hydropower Joint Stock Company (Member company of Ha Do Group). BIDV Bank's member is Mr. Quach Phung Hiep - Deputy General Director of BIDV Bank, Mr. Nguyen Kim Dieu - Director of BIDV Bank, Ba Dinh Branch, Mr. Duong Van Co - Director of BIDC Hanoi Branch.

Representatives of the units at the signing ceremony

Song Tranh 4 Hydropower Project is the fourth step in the hydropower ladder on the Song Tranh River, which is included in the VII power plan approved by the Prime Minister. The complex is located in Que Luu Commune and Thang Phuoc Commune, Hiep Duc District, Quang Nam Province. The project has a capacity of 48MW, average annual electricity is about 180 million KWh, total investment is 1,750 billion VND. It is expected that the project will be completed in Q2 / 2020. Up to now, the project has completed the preparation of investment such as survey, design, site clearance and auxiliary works, the legal procedures as prescribed. In addition, the project has completed the system of traffic roads, construction electricity lines, ground leveling of auxiliary areas, camps, basically completed pits of dams, factories, output value was estimated at 150 billion.

The signing of the financing contract for Song Tranh 4 hydropower project has recognized the confidence in the capacity of the parties, between the Bank and the investor in implementing the project. To go to this important ceremony, the parties have undergone a careful study of the necessary conditions, capacity and prestige of each party and agreed to sign the credit document together as a basis for the group. Project implementation.

At the ceremony, Mr. Nguyen Van Dong - General Director of Ha Do Group said: "With over 10 years experience in investing and operating hydropower plants, Ha Do Group is committed to the project will be implemented exam safety, quality assurance, technical, put into operation, commercial electricity generation on schedule, creating effective investment.