International Finance Corporation (IFC), a member of the World Bank Group, is funding the development and construction of two wind power projects in Central Vietnam with the aim to support Vietnam´s transition to cleaner low-carbon power generation.
IFC is providing a financing package of US$57 million to Thuan Binh Wind Power Joint Stock Company (TBW), a subsidiary of Refrigeration Electrical Engineering Corporation (REE). This will enable the construction of two onshore wind power plants- Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province. The combined total capacity of wind farms is up to 54.2 megawatts. Once operational at the end of 2021, the plants will generate about 170 million kilowatt-hours of clean energy per year.
Country updates
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June 04, 2021
Millennium Energy Corp to build LNG power plant and terminal facility in Van Phong EZ
US Millennium Energy Corporation is planning to build a liquefied natural gas (LNG) power plant and LNG terminal facility in the southern area of the Van Phong Economic Zone in Khanh Hoa province of V...
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June 03, 2021
ADB signs green loan to develop 144 MW wind projects in Quang Tri Province
The Asian Development Bank (ADB) has signed a US$116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen...
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May 05, 2021
PetroVietnam to open bids for EPC pakage for Nhon Trach 3 and 4 Power Plant Project in July
State-owned electric service company PetroVietnam Power Corporation has launched an engineering, procurement, and construction (EPC) tender for the design, development, purchase, construction, install...
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April 29, 2021
Petrovietnam Power to build 1.5 GW gas-fired power plant project in Khanh An
State-owned Petrovietnam Power of PertroVietnam plans to build a US$1.5 billion liquefied natural gas power plant project, which will be located in the southernmost province of Ca Mau. The&...
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April 05, 2021
IFC proposes US$60mn loan to wind projects of Thuan Binh Wind Power (TBW)
The International Finance Corporation (IFC) of the World Bank is proposing a US$60 million loan for Thuan Binh Wind Power (TBW) to finance the development and construction of two wind farms in Vietnam...
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