Mr. Stephan Opitz affirmed that EVN is a long-term and reliable partner of the German Development Bank. KfW highly appreciates EVN's professionalism in the cooperation process.
Since 2009, KfW and EVN have cooperated in the area of financial arrangement. The German Development Bank has been committed to providing ODA and non-sovereign loans to EVN to develop power plant and power grid projects. In which, under the scheme of ODA financing, 4 projects have been completed, 5 projects have been implemented and 5 new projects are about to be implemented. At the same time, KfW and EVN have cooperated in 3 new projects, financed under non-sovereign loans.
The delegation of the German Development Bank (on the right) worked with EVN at EVN headquarters
At the meeting, EVN’s General Director Tran Dinh Nhan and KfW's General Director in charge of Europe - Asia region discussed in detail challenges in the process of financing power projects; at the same time, the two sides have proposed solutions to accelerate the ongoing works.