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Sermsang Binh Nguyen Solar PV Plant

Sector: Solar • Location: Vietnam

Source: World Bank Group

Project
Active

The project entails the construction of a solar power plant with a generating capacity of 50MW in Bihn Nguyen, Vietnam. Total investment stands at $ 49.6 million. Sponsors of the project are Sermsang Power Corporation ($ 11.68 million) and Truong Thanh Viet Nam Group ($ 2.92 million). The equity stands at $ 14.6 million. The $ 35 million in debt was provided by the Export- Import Bank of Thailand

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Project Information

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The project “Sermsang Binh Nguyen Solar PV Plant” is an infrastructure initiative in the Solar sector, located in Vietnam. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of a solar power plant with a generating capacity of 50MW in Bihn Nguyen, Vietnam. Total investment stands at $ 49.6 million. Sponsors of the project are Sermsang Power Corporation ($ 11.68 million) and Truong Thanh Viet Nam Group ($ 2.92 million). The equity stands at $ 14.6 million. The $ 35 million in debt was provided by the Export- Import Bank of Thailand, which provided $ 25 million and the Bank for Investment and development of Vietnam, which provided $ 10 million. Debt to equity ratio is 71:29. Financial close took place on November 30th, 2021. https://ijglobal.com/data/transaction/46310/sermsang-binh-nguyen-solar-pv-plant-50mw

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