EVN General Director welcomed and worked with AFD's Global Executive Director

On 13 May 2022, in Hanoi, Vietnam Electricity (EVN) General Director - Mr. Tran Dinh Nhan welcomed and worked with Mr. Phillippe Orliange - Global Executive Director of the French Development Agency (AFD) on cooperation in the energy transition field.

At the meeting, EVN General Director Tran Dinh Nhan introduced Vietnam's power system to AFD's Global Executive Director. Besides, EVN's leaders also clarified the difficulties and challenges of EVN in Vietnam's commitment implementation roadmap at the 2021 United Nations Climate Change Conference - the 26^th (COP26).

Mr. Phillippe Orliange – AFD’s Global Executive Director thanked EVN General Director for the warm welcome. At the same time, AFD is also committed to supporting EVN in the energy transition process with various tools such as Government unsecured loans, or technical support services with European Union Grant.

EVN General Director Tran Dinh Nhan and AFD's Global Executive Director discussed at the meeting - Photo: Ng.Tuan

EVN's General Director assessed that the cooperation between AFD and EVN in the past time has brought about high efficiency through Government unsecured loans for power source and grid projects, with favorable and competitive financial conditions compared with domestic and foreign commercial loans. This is an important and increasingly effective financial arrangement channel, especially in the context that the Government encourages businesses to self-arrange loans to reduce the public debt burden, and expand the ability to arrange and balance the investment capital of EVN in the 2020 – 2030 period.