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[Cancelled] Bank of China provides loan for 300MW An Khanh 2 Coal-Fired Power Plant Construction Project (Linked to Record ID#35270)
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | An Khanh Thermal Power Joint Stock Company |
| Country | Viet Nam |
| Start Date | Jan 01, 2016 |
| End Date | Jun 15, 2029 |
| Duration | 4,914 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 64492 |
Grant Description
[Cancelled] Bank of China provides loan for 300MW An Khanh 2 Coal-Fired Power Plant Construction Project 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.
Staff Comments
The Vietnamese project title is Nhiệt điện An Khánh 2.
Sources & References
- Nhiệt điện An Khánh: Vững bước hội nhập
- License granted to construction of An Khanh 2 thermal plant
- Saigon Asset Management and An Khanh Electricity JSC Sign Strategic Partnership
- VIETNAM INFRASTRUCTURE REPORT
- An Khanh power station
- Bank of China ready to finance Vietnam's infrastructure projects
- Ngân hàng TW Trung Quốc - Bank of China giải ngân kịp thời khoản tín dụng cho Dự án nhiệt điện An Khánh 1
- DANH SÁCH ẢNH LỄ TRAO GIẤY CHỨNG NHẬN ĐẦU TƯ DỰ ÁN NHIỆT ĐIỆN AN KHÁNH II - 2X150MW 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
An Khanh Thermal Power Joint Stock Company
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