Hoi Xuan Hydro Power Plant

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The Hoi Xuan Hydro Power Plant Project entails the development of a 102 MW hydro-power plant on the Ma River in the Quan Hoa district in the northeastern province of Thanh Hoa. Hoi Xuan will supply more than 425 gigawatt hours of renewable energy annually for Vietnamese households and the local industry. The plan is expected to take three years to construct. The plant is invested by VNECO Hoi Xuan Investment and Electricity Construction Joint Stock Co. The loan principal is $125 million although since the loan is floating rate and is not being hedged, the total debt being provided could be as high as $239.7 million once interest payments are factored in. Goldman Sachs and MUFG are syndicating the loan to other lenders. The project has reached financial close on 18 January 2016. Goldman Sachs, BTMU and ING are arranging a $125 million 15-year term loan, which will be syndicated. The Multilateral Investment Guarantee Agency (MIGA) is providing a guarantee for the loan. The plan is expected to take three years to construct. https://ijglobal.com/data/transaction/35322/hoi-xuan-hydro-power-plant-102mw https://www.talkvietnam.com/2016/01/miga-provides-guarantee-for-hydropower-project/ https://www.miga.org/documents/ESRS%20Hoi%20Xuan%20with%20ESAP_20150824.pdf There are two projects.