China Eximbank provides $30 million preferential buyer’s credit for 21MW Vinh Ha Hydropower Plant Project

On October 13, 2013, China Eximbank and the Vietnam Ministry of Finance signed a $30 million preferential buyer’s credit (PBC) agreement for the 21MW Vinh Ha Hydropower Plant Project. The borrowing terms are unknown. The loan proceeds were used to partially finance an EPC contract with China Energy Engineering Group Guangxi Electric Power Design Institute. The purpose of the project was to construct a 21MW hydroelectric power plant — with two, 10.5MW power generation units (Unit 1 and Unit 2) — on the Chay River in Tan Duong commune and Thuong Ha commune, Bao Yen district, and Lao Cai province. The project commenced in March 6, 2013. Unit was connected to the national grid on June 20, 2016. United 2 was connnected to the national grid on August 20, 2016. The power plant was officially inaugurated on September 24, 2016.

Additional details

1. The Vietnamese project title is nhà máy Thủy điện Vĩnh Hà. 2. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020. 3. China Energy Engineering Group Guangxi Electric Power Design Institute's Chinese name is 中国能源建设集团广西电力设计研究院有限公司.

Number of official sources

4

Number of total sources

9