Astris Finance has announced the successful closing of the debt financing for the 49.5 MWp Cat Hiep Solar Power Plant Project, arranged with one of Vietnam's largest banking groups.
Quadran International developed the project, in association with Truong Thanh Vietnam Group. Astris Finance acted as the sole financial advisor to the project company and sponsors.
The project is currently under construction, with the goal of reaching commission in June 2019. The target annual production of the Project is approximately 76.5 MWh, which will supply energy to 40,000 homes in South Central Vietnam. The Project secured a 14-year project finance package on a non-recourse basis.
A credit agreement between the project company and the domestic bank was signed on March 7, 2019 at the French Embassy of Hanoi.
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