| Project Detail |
The Project involves the refinancing of the existing debt of the 125MW Dakdrinh Hydropower Plant in Central Vietnam,
majority-owned by PV Power. The hydropower plant has been built and is in operation since 2014. The total Project cost in
2011 was VND5,921 billion (USD280 million), and the Project was partially funded by a USD178 million loan with cover from
an export credit agency, and a guarantee by the Government of Vietnam (GoV). The refinancing of the Project involves
removal of the sovereign guarantee from the GoV and insurance cover in support of the existing debt financing.
The proposed financing involves an AIIB A/B loan of up to USD95 million, with an A Loan facility for AIIBs own account in
the amount of USD47.5million million and B-loan participation of USD47.5 million from commercial bank(s).
Objective The objective is to mobilize private capital for the restructuring of the existing debt of the 125MW Dakdrinh Hydropower Plant
in Central Vietnam |
