Dakdrinh hydropower JSC

Viet Nam: Dakdrinh 125MW Hydropower Plant

Industry
Renewables/Large hydro
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Vietnam

Deal Overview

The Project involves the refinancing of the existing debt of the 125MW Dakdrinh Hydropower Plant in Central Viet Nam, majority-owned by PV Power. The hydropower plant has been built and is in operation since 2014. The total Project cost in 2011 was VND5,921 billion (USD280 million), and the Project...

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The Project involves the refinancing of the existing debt of the 125MW Dakdrinh Hydropower Plant in Central Viet Nam, majority-owned by PV Power. The hydropower plant has been built and is in operation since 2014. The total Project cost in 2011 was VND5,921 billion (USD280 million), and the Project was partially funded by a USD178 million loan with cover from an export credit agency, and a guarantee by the Government of Viet nam (GoV). The refinancing of the Project involves removal of the sovereign guarantee from the GoV and insurance cover in support of the existing debt financing.

The proposed financing involves an AIIB A/B loan of up to USD95 million, with an A Loan facility for AIIB's own account in the amount of USD47.5million million and B-loan participation of USD47.5 million from commercial bank(s).

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Deal Volume
$95m
Financial Close
14 December 2021
Sources
Press release, Submitted by participant(s), TXF article, Press release

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Projects

Dakdrinh Hydropower Project

Greenfield
Large hydro
Asia Pacific
Vietnam
$170m