[Cancelled] Bank of China provides loan for 300MW An Khanh 2 Coal-Fired Power Plant Construction Project (Linked to Record ID#35270)

Project narrative

On December 22, 2011, Bank of China Zhejiang Branch, China Construction Bank, China Eximbank, and China Bank of Communications signed a a $143,055,000 syndicated buyer’s credit loan agreement with An Khanh Thermal Power Joint Stock Company — a project company and special purpose vehicle — for the 100MW An Khanh 1 Coal-Fired Power Plant Construction Project (captured in Record ID#35270). In July 2010, An Khanh Thermal Power Joint Stock Company submitted construction plans for the 300MW An Khánh 2 Coal-Fired Power Plant. Vietnam Prime Minister Nguyễn Tấn Dũng approved the second power generation unit in July 2011 and a construction license followed in October 2011. Then, in 2016, Bank of China reportedly issued a loan for the 300MW An Khanh 2 Coal-Fired Power Plant Construction Project. However, the Government of Vietnam subsequently listed this project as ‘cancelled’ in its Power Development Plan VII. The total project cost was somewhere between $481 million and $531 million but it is unclear how much Bank of China was supposed to finance.