The Power Company No. 1 said that it would invest nearly 1.6 trillion VND (89.6 million USD) in installing new electricity meters and upgrading low-voltage network in 19 northern provinces.
Of the total investment, around 1.3 trillion VND will be loans from the German Bank for Reconstruction (KFW).
The three-year project, which will last until 2011, aims to replace 2.4 million electricity meters on at least 49,338km of the 0.4kV power line in nearly 2,640 communes./.