Intracom Group

Signing ceremony of credit contract to finance capital for Po Ho hydropower project

On the morning of January 21, 2016, at the head office of Infrastructure and Transport Construction Investment Joint Stock Company (Intracom), the signing ceremony of the signing ceremony of the financing of Po Ho hydropower project between Agribank was held. and Rural Development (Agribank) – Hoang Quoc Viet Branch and Intracom Company.

The ceremony was attended by Mr. Do Van Di – Director of Agribank Bank Hoang Quoc Viet Branch; Ms. Tran Thi Thanh Binh – Deputy Director of Agribank Bank, Lao Cai Province branch, and representatives from the Branch’s leadership and heads and deputy heads of the two branches. Representative of Intracom Company is Mr. Nguyen Thanh Viet – Chairman of the Board – General Director of the Company and representatives of Intracom employees.

Po Ho Hydropower is one of the new hydropower projects invested by Intracom, being invested in Trung Leng Ho commune, Bat Xat district, Lao Cai province with a capacity of installing 13.2 MW with 02 modern units, total investment of over VND 500 billion.

The Po Ho hydropower project will be started in the first quarter of 2016 and is expected to be completed in the first quarter of 2018. When in operation, Po Ho hydropower will annually provide an average of 52.14.106 electricity. Kwh into the national grid, contributing to socio-economic development for the locality in particular and the country in general.

Speaking at the ceremony, Mr. Nguyen Thanh Viet also shared the cooperation agreement today is a good opportunity to promote and concretize strategic cooperation between Agribank and Intracom. Intracom is committed to using capital for the right purpose and effectively, completing the project on schedule and paying on time.

Mr. Do Van Di – Director of Agribank Bank Hoang Quoc Viet Branch committed to make disbursement on schedule, ensuring the completion of the project of Intracom. He also emphasized the sponsorship contract between Agribank and Intracom with the aim of improving production and business capacity, developing the national grid system. Agribank Bank – Hoang Quoc Viet Branch is very confident that the cooperation in funding for the project will bring success for both parties.

Some pictures in the signing ceremony:

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