Hanoi, March 25 -- The Bac Ai pumped-storage hydropower project in the south-central province of Khanh Hoa has secured two international loan agreements worth 76 million EUR (88.2 million USD) each. Vietnam Electricity (EVN) and French partners presented the loan agreements to the project developer at the EU - Vietnam Global Gateway Business and Investment Forum in Hanoi on March 24. These agreements form part of a broader financing package comprising six loans from a consortium of international lenders. Bac Ai is Vietnam's first pumped-storage hydropower plant. With four turbines and a total installed capacity of 1,200 MW, it is a key energy project playing a central role in the country's energy transition. The plant is designed to regul...