Xekaman 3 Hydropower Work has been a big scale project, plays an important role in economy, politics and security of the both countries
Xekaman 3 Hydropower Project has the installed capacity of 250MW, the annual average electricity output of nearly 1 billion KWh and the total investment capital of 273 million USD (equivalent to 4,260 billion VND). In order to ensure the capital source for implementing investment in the Project, the Vietnamese Prime Minister agreed in principle to allow commercial banks to loan the Investor exceeding 15% of his own capital. On that basis, VLPC submitted to Vietnam Development Bank (VDB), BIDV the documents asking for capital loan for the project.
On September 27, 2006 VLPC signed with VDB a credit financing agreement of 1,147 billion VND for Xekaman 3 Hydropower Project.
On March 19, 2007, the Transaction Office of BIDV issued the official letter No.617/CV-SGD agreeing to give the investor a maximum capital loan of 65,875,000 $US to invest in Xekaman 3 Hydropower Project in Laos under the form of financing agreement between BIDV (as a clue bank) and VCB.
Implementing the Convention on economic, cultural, scientific and technological cooperation for the year 2006 and for the period of 2006 - 2010 signed between the Governments of Laos and
The signing ceremony of credit agreement was graced by the presence of Minister of Construction Nguyen Hong Quan and Lao Ambassador Extraordinary and Plenipotentiary to