HDBank Ho Chi Minh City Development Joint Stock : commits nearly VND 3,000 billion to the development of renewable energy in An Giang, Binh Dinh and Ninh Thuan

HDBank and Sao Mai Group Joint Stock Company (An Giang) entered into a cooperation agreement for development of Sao Mai Solar Power Plant project.

Sao Mai Solar Power Plant project shall be developed with a total design capacity of 210 MWp on an area of ​​275 ha - in totally 4 phases, in the first two of which a 104 MW power plant shall be built in An Hao commune, Tinh Bien district, An Giang province. HDBank has granted a credit limit of VND 1,400 billion - equivalent to 70% of the total investment.

On December 20, 2018, HDBank also signed an agreement with Fujiwara Binh Dinh on cooperation in development of Fujiwara Binh Dinh solar power project. This is a company with 100% capital contribution from Fujiwara Joint Stock Company (Japan). The project is developed on an area of ​​60 hectares in Nhon Hoi Economic Zone, Binh Dinh with a design capacity of 50 MWp.

Previously, a VND 760 billion limited credit contract had been concluded by HDBank to finance the investment project of a solar power plant to be developed by My Son - Hoan Loc Viet Solar Power Joint Stock Company in Ninh Thuan Province.

Power Purchase Agreements (PPA) have been executed for all three projects the construction of which are being expedited by the contractors toward the targeted grid connection by June 30, 2019.

In additio, HDBank also give significant to financing solar roof projects. Accordingly, FDI enterprises, manufacturing enterprises, enterprises in industrial parks, export processing zones ... that wish to build solar roof will be entitled to preferential loan rendered by HDBank (with loan-to-value ratio of 70%, credit limit of VND 10 billion, and flexible mortgage policy accepting various types of assets including solar roof construction formed from the given loans).

These credit packages once again affirms HDBank's position and commitment to become a Green Bank, as well as its desire and attempt to timely meet the energy demand corresponding to the growth rate of the economy and society, to create more jobs for workers, to make concrete contribution to the local budget, to protect the environment, and to ensure local and national energy security.