Saudi Arabia-based ACWA Power and South Korea-based Taekwang Power have achieved financial close for the planned 1.2 GW Nam Dinh coal-fired power plant Phase I project in Vietnam.
The financing deal was signed with the Agricultural Bank of China, Bank of China, China Construction Bank, China Development Bank, China Export-Import Bank, China Minsheng Bank, and ICBC.
The developers will finance the project on a 77:23 debt to equity ratio with the debt funding of about US$1.85 billion.
Country updates
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January 10, 2020
Vestas wins first full scope EPC contract for 50 MW intertidal project in Tra Vinh
Vestas has secured its first full Engineering, Procurement and Construction (EPC) contract in Vietnam with a 50 MW order from Tra Vinh Wind Power Co. Ltd. (TWPC). The project will be const...
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January 09, 2020
Vestas to supply turbines for 50 MW intertidal wind project in Hoa Binh
Vestas has secured a 50 MW order with Cong ty Co Phan Dau Tu Dien Gio Hoa Binh 1 (Hoa Binh 1 Company), a company owned by Phuong Anh Group. The project will be located in Hòa B&igrav...
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January 08, 2020
ADB launches advisory tender for planned solar PV tender in Vietnam
The Asian Development Bank has launched a tender for interested firms to deliver advisory services for the planned pilot PV1 floating solar photovoltaic auction in Vietnam. ADB is looking for f...
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December 30, 2019
Ingeteam delivers inverters for 240 MWp Xuan Thien Thuan Bac solar project in Ninh Thuan province
Ingeteam has supplied its technology for a 240 MWp photovoltaic plant in Vietnam. The Xuan Thien Thuan Bac project is the largest contract of Ingeteam for the solar sector in Southeast Asia. The comp...
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December 23, 2019
Vestas develops wind energy solution for 50 MW intertidal offshore wind project in Bac Liêu Province
Vestas has developed a customized solution for a 50 MW intertidal project in Bạc Liêu Province, Vietnam for the local EPC construction company Bac Phuong JSC. The intertidal project site is cove...
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