[Cancelled] Bank of China provides loan for 300MW An Khanh 2 Coal-Fired Power Plant Construction Project (Linked to #35270)
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial Bank]
Recipient
Vietnam
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
Yes
Category
Project lifecycle
Description
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 Project #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.
Additional details
The Vietnamese project title is Nhiệt điện An Khánh 2.
Number of official sources
2
Number of total sources
8
Details
Cofinanced
Yes
Direct receiving agencies [Type]
An Khanh Thermal Power Joint Stock Company [Joint Venture/Special Purpose Vehicle]
Implementing agencies [Type]
An Khanh Thermal Power Joint Stock Company [Joint Venture/Special Purpose Vehicle]