EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant 13:32 | 02/04/2021
The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for Electricity of Vietnam to develop Quang Trach 1 Thermal Power Plant.
EVN was permitted to take up a special loan for Quang Trach 1 Thermal Power Plant (Illustration: Vinh Tan 1 Thermal Power Plant)
Quang Trach 1 Thermal Power, invested by Electricity of Vietnam (EVN), has a total investment capital of VND42.02 trillion ($1.83 billion). It will require loans of VND27.1 trillion ($1.18 billion), which will be arranged by Vietcombank after Vietinbank, BIDV, and Agribank have withdrawn.
Previously, EVN has been hard-pressed to mobilise loans because according to regulations, Vietcombank cannot issue loans exceeding 15 per cent of its equity. Meanwhile, EVN cannot mobilise loans exceeding 25 per cent of its equity, imposing an upper limit of VND37.4 t
Daewoo E&C LILAMA opposes unfair contractor selection for Quang Trach 1 power plant 21:30 | 16/01/2021
th contract package at Quang Trach 1 thermal power plant.
Joint venture Daewoo E&C LILAMA has submitted a complaint against unfair treatment by Quang Trach 1 thermal power plant (Photo: The area is part of the planned site for the project, Source:VOV)
Quang Trach 1 thermal power plant is invested by Electricity of Vietnam (EVN) and Power Project Management Board No.
2 (EVNPMB2) is the representative of the investor.
According to the joint venture, the investor excluded it from the selection of the 15th EPC 15contract package and the technical appraisal for failing to meet the financial potential requirements and to submit a list of sub-contractors.