Representing the partner side was Mr. Stephan Opitz, Member of the Management Board of KfW, responsible for Europe and Asia.

EVN Vice President Nguyen Dinh Phuoc meets with KfW Development Bank delegation on morning of March 23

At the meeting, the two sides focused on reviewing the implementation progress of several major projects currently financed or expected to receive financing from KfW. These include the Bac Ai Pumped Storage Hydropower Project, the Tri An Hydropower Plant Expansion Project, as well as the consideration of financing for other expansion projects such as the Tuyen Quang Hydropower Plant, the Hoa Binh Hydropower Plant, and several power transmission grid projects.

KfW highly appreciated its long-standing cooperation with EVN over the past more than 10 years, affirming that EVN is an important partner in the bank’s energy financing portfolio in Vietnam. KfW representatives also discussed several areas requiring continued coordination during the implementation of cooperation projects in order to facilitate capital arrangement and disbursement in the coming time.

KfW reaffirmed its commitment to continue accompanying EVN and will study appropriate financial solutions to meet Vietnam’s energy infrastructure development needs. The bank also expressed its readiness to maintain dialogue with EVN to promote further cooperation opportunities in the future.

On EVN’s side, Vice President Nguyen Dinh Phuoc expressed appreciation for KfW’s continued support and partnership over the years. EVN also provided additional updates to KfW regarding new legal frameworks and mechanisms related to capital mobilization and project implementation, helping the bank gain further basis for internal review and approval processes.

EVN’s leadership affirmed that the Group will continue to closely coordinate with KfW and relevant parties to address procedural challenges and soon complete the necessary conditions for projects of mutual interest.

On the same day, EVN Vice President Nguyen Dinh Phuoc also met with representatives from the Swedish Export Credit Corporation (SEK) and the European Investment Bank (EIB) to discuss potential cooperation in arranging financing for several EVN power projects.

Translator: Hoàng Duy Khánh