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China Eximbank provides RMB 709.72 million government concessional loan for 100MW Cao Ngan Coal-Fired Power Plant Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Vietnam Ministry of Finance |
| Country | Viet Nam |
| Start Date | Mar 19, 2003 |
| End Date | Feb 03, 2027 |
| Duration | 8,722 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 65144 |
Grant Description
China Eximbank provides RMB 709.72 million government concessional loan for 100MW Cao Ngan Coal-Fired Power Plant Construction Project On September 25, 2000, the Chinese Government pledged to finance the 100MW Cao Ngan Coal-Fired Power Plant Construction Project.
Then, on March 19, 2003, China Eximbank and the Vietnam Ministry of Finance signed an RMB 709,720,000 ($85.5 million) government concessional loan (GCL) agreement for the project.
The proceeds of the loan were to be used to finance an EPC contract signed in May 2002 with Harbin Power Engineering Company Limited (HPEC).
The purpose of the project was to construct a 100MW coal-fired power plant — with two, 50MW power generation units (Unit 1 and Unit 2) — in Thai Nguyen province. HPEC was the contract responsible for project implementation.
Construction officially began on November 12, 2002, and, as of January 2004, the power plant was scheduled for commissioning during the fall of 2004. The power plant was ultimately put into operation and connected to the national power grid in March 2007.
Staff Comments
- The Chinese project title is 越南高岸热电厂. The Vietnamese project title is Nhà máy điện Cao Ngạn.
- 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.
Sources & References
- China’s Emergence within Southeast Asia’s Aid Architecture: New Kid on the Block? - Draft Version
- The Dominance of Chinese Engineering Contractors in Vietnam
- The Dominance of Chinese Engineering Contractors in Vietnam
- 発電所案件のEPC, コントラクター等の動向
- 中越关系
- Assessing China's Impact on Poverty in the Greater Mekong Subregion
- Chinese Company Contracts to Build Power Plant in Vietnam
- China to Provide Credit for Vietnam's Power Plant
- Coal Fired Power Plants – Cao Ngan sets the standard
- 中国提供贷款建设的越南高岸火电厂正式动工
- Nhà máy Nhiệt điện Cao Ngạn
- China's Overseas Development Finance
- Trung Quốc cho Việt Nam vay ưu đãi 126 triệu USD
- Việt Nam mượn của Trung Quốc bao nhiêu?
- Cao Ngan Thermal Power
- Tập tin:Nhiet dien cao ngan.jpg
- NHÀ MÁY NHIỆT ĐIỆN CAO NGẠN - THÁI NGUYÊN
- Nhiệt điện Cao Ngạn: Văn hóa doanh nghiệp và phát triển bền vững
- Bitter taste when depending on Chinese loans
- 中国向越南提供10.4亿人民币贷款
- Aiding Transparency: What We Can Learn About China ExIm Bank’s Concessional Loans 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
Vietnam Ministry of Finance
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