The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with Vung Ang II Thermal Power Limited Liability Company (VAPCO), a Vietnamese company invested in by Mitsubishi Corporation and others. JBIC will provide project financing amounting to up to approximately US$636 million for the Vung Ang 2 coal-fired power plant in the Socialist Republic of Viet Nam, under JBIC's Growth Investment Facility. The loan is co-financed with private financial institutions as well as the Export-Import Bank of Korea (KEXIM). The total co-financing amount is approximately US$1,767 million.
In this project, VAPCO will build, own, and operate an ultra-supercritical coal-fired power plant with an installed capacity of 1,200 MW (two units of 600 MW each) in the Vung Ang district, Ha Tinh province in central Vietnam. The electricity generated from this plant will be sold to Vietnam Electricity (EVN), the country’s state-owned power utility company, for 25 years.
Country updates
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December 15, 2020
Gunkul Engineering buys 50 MWp Phong Dien II solar project from Bangjak Green Energy
Gunkul Engineering Pcl has taken over a solar farm in Vietnam at a cost of US$39.9 million. The transaction includes the purchase of 49% shares from Bangjak Green Energy and 51% of shares from two ind...
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December 04, 2020
Longi Solar supplies 273 MW of solar modules for 600 MW Xuan Thien Ea Sup Project - Phase I
LONGi Solar has delivered its Hi-MO 4 Series modules for Southeast Asia's largest solar plant, Phase I of the Xuan Thien Ea Sup Project in Dak Lak, Vietnam commissioned by Xuan Thi...
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November 10, 2020
Mainstream Renewable Power signs joint development agreement with AIT for 500 MW wind farm in Ben Tre
Mainstream Renewable Power has signed a Joint Development Agreement with Vietnamese company Advance Information Technologies Corporation (AIT), a specialist in providing EPC services to power projects...
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November 03, 2020
Ha Do Group starts operation of 50 MW Ninh Phuoc solar farm in Ninh Thuan
Ha Do Group has inaugurated its 50 MWp Ha Do Ninh Phuoc solar farm in Ninh Thuan province after the project started the commercial operation on September 4, 2020. The facility is located in the...
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October 28, 2020
Enercon to supply turbines for Trungnam Group's Ea Nam wind project in Dak Lak
ENERCON has signed a contract with Trungnam group to supply around 400 MW capacity of turbines for the Ea Nam wind farm in Dak Lak province, Vietnam. The construction of the project is expected to st...
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