The Asian Development Bank (ADB) has signed a US$37 million loan agreement with Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5 megawatt (MW) peak floating photovoltaic (PV) solar power facility on the man-made reservoir of DHD’s existing 175 MW Da Mi hydropower plant.
The financing package includes a US$17.6 million loan from ADB’s ordinary capital resources. This is supplemented by US$15 million of blended concessional cofinancing provided by the Canadian Climate Fund for the Private Sector in Asia and its follow-on fund, the Canadian Climate Fund for the Private Sector in Asia II. These funds were established by the Government of Canada to encourage private investment in climate change mitigation and adaptation projects in Asia and the Pacific.
The package also includes a US$4.4 million parallel loan from the Leading Asia’s Private Infrastructure Fund (LEAP), supported by Japan International Cooperation Agency through a US$1.5 billion equity commitment.
Country updates
-
-
September 18, 2019
LONGi wins 50 MW order for its high power Hi-MO 4 panels from DLG Solar
LONGi and DLG Solar signed a contract for a 50 MW photovoltaic project in Vietnam, which would adopt LONGi’s latest high powered Hi-MO 4 modules based on the new M6 monocrystalline wafer. This i...
Read more -
September 11, 2019
SE Asia’s largest solar power plant inaugurated in southern Vietnam
The largest of its kind in Southeast Asia, Dau Tieng solar power complex with a total capacity of 420 MW, has been put into operation in the southern Vietnamese province of Tay Ninh. Developed by Xua...
Read more -
September 10, 2019
Vietnam commissions 420 MW Dau Tieng solar PV project
The Dau Tieng solar power complex has been inaugurated in Vietnam. With a designated solar capacity of 420 MW, it is now the largest solar project in Southeast Asia. The solar complex, which is a joi...
Read more -
September 10, 2019
Construction starts on 1.2 GW coal-fired project in Vietnam
Sumitomo Corporation has recently commenced construction in Vietnam on the 1.2 GW Van Phong 1 coal-fired power project in which it is involved through its wholly-owned subsidiary Van Phong Power Compa...
Read more -
September 09, 2019
AboitizPower to acquire Vietnam's 40 MW Dam Nai wind farm
AboitizPower has signed a share purchase agreement for the acquisition of 100% ownership of Mekong Wind Pte. Ltd. from Armstrong Southeast Asia Clean Energy Fund Pte. Ltd. The acquisition is expected...
Read more
