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China Eximbank provides $178.5 million preferential buyer's credit for 330MW Uông Bí Coal-Fired Power Plant Phase II Expansion Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Viet Nam |
| Country | Viet Nam |
| Start Date | Nov 12, 2009 |
| End Date | Nov 04, 2029 |
| Duration | 7,297 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 38383 |
Grant Description
China Eximbank provides $178.5 million preferential buyer's credit for 330MW Uông Bí Coal-Fired Power Plant Phase II Expansion Project On October 22, 2008, the Chinese Government and the Government of Vietnam signed a preferential buyer’s credit (PBC) framework agreement.
Then, on November 12, 2009, China Eximbank and the Vietnam Ministry of Finance signed a $178.5 million preferential buyer's credit (PBC) agreement for the 330MW Uông Bí Coal-Fired Power Plant Phase II Expansion Project.
The proceeds of the loan were to be used by the borrower to partially finance a $220 million EPC contract signed on April 11, 2008 between Vietnam Electricity (EVN) — a state-owned enterprise — and China Chengda Engineering Corporation.
The purpose of the project was to add 330MW of power generation capacity to the Uông Bí Coal-Fired Power Plant in Uông Bí township and Quảng Ninh province. China Chengda Engineering Corporation was the EPC contractor responsible for implementation. The EPC contract went into effect on May 4, 2008.
A formal groundbreaking ceremony took place on May 23, 2008 and the project was expected to reach complete within 36 months. By the end of December 2008, the project had achieved a 19.8% completion rate. The project was ultimately handed over to the local authorities on May 22, 2013. The project supplemented Vietnam's national power grid with 1,980 billion kWh / year.
Staff Comments
1. This project is also known as the Phase 2 of Uông Bí Coal-Fired Power Plant Expansion Project. The Vietnamese project title is dự án Nhiệt điện Uông Bí mở rộng 2 or Nhà máy điện Uông Bí. The Chinese project title is 越南汪秘电站二期扩建项目.
Sources & References
- Quantifying Chinese Public Financing for Foreign Coal Power Plants
- 越南汪秘1X330MW电站项目取得接收证书
- China's Global Energy Finance
- 越南汪秘二期扩建工程330兆瓦机组实现360小时试运
- Overview of coal-fired thermal power development in Vietnam
- Phát triển Trung tâm công nghiệp nhiệt điện đốt than ở Quảng Ninh Đáp ứng nguồn năng lượng thời kỳ CNH
- HĐH
- Uong Bi Thermal Power Project Expansion 2: expected to exceed 4 months schedule
- Việt Nam mượn của Trung Quốc bao nhiêu?
- Hơn 178 triệu USD xây dựng Nhà máy Nhiệt điện Uông Bí 2
- Việt Nam và Trung Quốc ký Hiệp định vay xây dựng nhà máy Nhiệt điện Uông Bí 2
- Hơn 178 triệu USD xây dựng Nhà máy Nhiệt điện Uông Bí 2
- Khởi công xây dựng nhà máy Nhiệt điện Uông Bí 2 mở rông
- Công suất 330MW
- Nhà máy Nhiệt điện Uông Bí mở rộng chạy thử thành công
- Project News: Phase II Expansion Project of 1*330 MW Thermal Power Plant
- Uong Bi Vietnam
- Project News: Phase II Expansion Project of 1 í 330 MW Thermal Power Plant,Uong Bi Vietnam
- Bàn giao thương mại dự án Nhiệt điện Uông Bí mở rộng 2
- Khởi công xây dựng Nhà máy nhiệt điện Uông Bí mở rộng 2
- 中越双方签署越南汪秘电站二期扩建项目贷款协议
- 化学工程集团成达公司总承包越南汪秘二期电站签约
- Supplementary Online Material: List of projects to which China has provided public financing (2007-2013)
- China Overseas Development Finance
- Uong Bi power station Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Viet Nam
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