Under the mechanism, the Government willsign a deal with the ADB and the AIF to receive a loan of 272.70million USD, which will then be re-loaned to the Electricity of Vietnam(EVN) Hanoi and the EVN HCM City under similar conditions and terms butwith additional expenses.
The EVN Hanoi and EVN HCM City are responsible to provide corresponding capital.
The national EVN will be responsible for the debts in the event the EVN Hanoi or EVN HCM City fault on their loans.-VNA