On May 8, at the signing ceremony of the Credit Contract to fund capital for Nam Bum 2 Hydropower prọect, Song Da Building, Pham Hung Street, Nam Tu Liem, Hanoi by EHULA Joint Stock Company – as an investor between Vietinbank – Lai Chau Branch and EHULA Joint Stock Company.

From the Investor side, there are:

• Mr. Dang Quang Dat – Vice Chairman of Song Da 505 Joint Stock Company, Chairman of EHULA Joint Stock Company
• Mr. Vu Son Thuy – Member of the Board of Directors of Song Da 505 Joint Stock Company, EHULA Joint Stock Company
• Mr. Nguyen Dinh Phuong – Member of the Board of Directors of Song Da 505 Joint Stock Company, Deputy General Director of Ehula Joint Stock Company
• Together with Head / Deputy Head of Departments and all employees of EHULA Joint Stock Company.

On the bank side include:

• Mr. Pham Viet Trung – Director of Vietnam Joint Stock Commercial Bank for Industry and Trade – Lai Chau Branch
• Mr. Nguyen Van Hoa – Director of Vietnam Joint Stock Commercial Bank for Industry and Trade – Dak Lak Branch
• Ms. Hoang Thi Nhung – Head of Corporate Banking Department – Industrial and Commercial Bank of Vietnam in Lai Chau
• Mr. Dinh Vu Hoang – Staff of Department of Quality Control – Industrial and Commercial Bank of Vietnam – Dak Lak Branch

Mr. Dang Quang Dat – Chairman of EHULA Joint Stock Company and Mr. Pham Viet Trung – Director of Vietinbank – Lai Chau Branch Signed a credit contract for the Nam Bum 2 Hydropower Project in the presence of the leaders of both sides

Nam Bum 2 Hydropower Project is invested by EHULA Joint Stock Company with 25MW of merit in Nam Nhun district, Lai Chau province. The total investment of the project is VND 730 billion, of which Vietinbank – Lai Chau Branch lends VND 500 billion, the rest is contributed by Shareholders. The project has built a few items and is expected to be completed, generating electricity in the fourth quarter / 2021. When completed, the Nam Bu 2 project will provide the national grid with about 85.175 million kWh / year, with revenue of about VND 90 billion / year. During construction, the project will pay taxes to the State budget; Taxes of various kinds during the period of operation (including: VAT, corporate income tax, natural resource tax, environment fee, …) average VND 23 billion / year.

Some photos at the signing ceremony:

 

 

 

 

 

 

 

 

 

 

 

 

The signing ceremony took place without solemnity and trust among the parties. EHULA Joint Stock Company and Viettinbank – Lai Chau Branch and Dak Lak Branch are committed to complying with the signed credit contract and trust Nam Bum 2 project will be successful.