According to the source, the deal was conducted three years ago when HAGL restricted its business activities. The deal brought about VND2,100 billion ($100 million) for HAGL. With the acquisition of HAGL projects, Bitexco Power owns 18 hydropower plants in Vietnam with a total capacity of about 1 gigawatt (GW). The current capacity allows the production of approximately 3,500 GWh of electricity a year, enough to serve nearly 2.7 million people. The sector has become appealing to a range of international financial institutions, according to the International Finance Corporation, the private sector lending arm of the World Bank Group.

Source: VietNamNet News September 08, 2016 04:18 UTC