ADB to provide $186 million solar power plant in central Vietnam

The Asian Development Bank (ADB) is leading a group of lenders to provide $186 million for the development of a solar power plant in the central province of Phu Yen, Vietnam.

The financing comprises a $27.9 million loan from the ADB, a $148.8 million syndicated loan funded by commercial banks with ADB as Lender of Record, and a $9.3 million loan provided by the Leading Asia’s Private Infrastructure Fund (LEAP). The loan will fund a 257-MW power plant in Phu Hoa District. The plant will be the largest single operating solar power plant in Vietnam and one of the largest in Southeast Asia.


Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine