IFC lends $57m to two wind projects in Vietnam
Out-Law News | 02 Jun 2021 | 2:25 am |
The International Finance Corporation (IFC) is providing a $57 million loan to the developer of two onshore wind projects in Vietnam.
The financing package includes financing mobilised by the multi-investor Managed Co-Lending Portfolio Program (MCPP) which is managed by IFC s innovative syndications platform, said a statement.
The two plants are Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province with a combined capacity of 54.2 megawatts (MW). Once operational later this year, the two plants will generate 170m kilowatt hours of clean energy each year.
As Vietnam transitions to cleaner low-carbon power generation, the IFC is funding the development and construction of two wind projects in Central Vietnam.
Wednesday, 17:26, 26/05/2021
VOV.VN - As Vietnam continues to transition to cleaner low-carbon power generation, IFC, a member of the World Bank Group, is funding the development and construction of two wind power projects in central Vietnamese provinces.
The purpose of the move is to advance renewable energy in order to help meet the country s growing demand for electricity.
The plan will see IFC provide a financing package of US$57 million to Thuan Binh Wind Power Joint Stock Company (TBW), a subsidiary of Refrigeration Electrical Engineering Corporation (REE).
This will therefore enable the construction of two onshore wind power plants, Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province, with an overall capacity of 54.2 megawatts.
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