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Vung Ang 2 coal plant

Sector: Geothermal • Location: Vietnam

Source: World Bank Group

Project
Active

The project entails the construction of a 1230 MW coal fired power plant in Ha Tinh, Vietnam. Total investment stands at $ 2.2 billion. SPV is Vung Ang II Thermal Power LLC, owned by the sponsors of the project Mitsubishi Korea Electric Company, Chugoku Power Electric Company and Shikoku Power Electric company. Debt providers are Mitsubishi UFJ Financial Group, Mizuho Financial Group, Sumitomo Mi

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The project “Vung Ang 2 coal plant” is an infrastructure initiative in the Geothermal 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 1230 MW coal fired power plant in Ha Tinh, Vietnam. Total investment stands at $ 2.2 billion. SPV is Vung Ang II Thermal Power LLC, owned by the sponsors of the project Mitsubishi Korea Electric Company, Chugoku Power Electric Company and Shikoku Power Electric company. Debt providers are Mitsubishi UFJ Financial Group, Mizuho Financial Group, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Holdings, Export Credit Agency, Japan Bank for International Cooperation and Bank of China. The total debt is $ 1.7 billion. South Korea's Doosan Heavy Industries & Construction and Samsung C&T were among the construction contractors involved in the project. The construction is going to start in December 2021. https://www.ijglobal.com/data/transaction/20423/vung-ang-2-coal-fired-power-plant-12gw-ipp

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