Overview

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

Commitments (Constant USD, 2023)$31,019,139

Commitment Year•2013Country of Activity•Viet NamDirect Recipient Country of Incorporation•Viet NamSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2013

Start (actual): Mar 6, 2013

End (actual): Aug 20, 2016

Geospatial footprint

Map overview

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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 (exact locational coordinates are 22.303611, 104.453333). More detailed locational information can be found at https://www.openstreetmap.org/way/892633049

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Vietnam Ministry of Finance

Implementing agencies

Private Sector

International Investment Construction and Trading Joint Stock Company (ICT)

State-owned companies

China Energy Engineering Group Guangxi Electric Power Design Institute Co., Ltd. (GXED)

Loan desecription

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.