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Mumbai, Jan. 8

Exim Bank of India has entered into a line of credit (LoC) agreement for $45 million with the Government of Vietnam to finance construction of a power project in Vietnam. Bharat Heavy Electricals Ltd will construct the 200-MW Nam Chien Hydropower Project, at Son La Province. This is the second line of credit extended by Exim Bank to Vietnam, said a press release from the bank. The first LOC of $27 million was utilised to finance export contracts such as supply of equipmen t for cold rolling steel plan, hydropower plants, tea processing machinery and textile machinery from India to Vietnam.

— Our Bureau

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