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Hai Phong 2 – ECA-backed financing

01 March 2008

ECAs help Vietnam's coal-fired success

MLA: Mizuho Corporate Bank, Société Générale
Borrower: Electricity Vietnam (EVN)
Amount: JBIC tranche ¥7.3 billion
Tenor: 15 years
ECAs:  JBIC, Nexi, China Exim

The successful financing for the second coal-fired thermal power plant in Hai Phong state-owned company Electricity Vietnam's (EVN) City-Hai Phong 2, required a high level of cooperation between the two ECAs attached to the deal.

The new thermal power project would have a capacity of 600MW and ensure Vietnam's steady supply of energy. Like the previous plant Hai Phong 1,...

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