(CPV) - The Asian Development Bank (ADB) signed a USD107 million financing project with BIM Wind Power Joint Stock Company (BIM Wind) to support the operation of an 88-megawatt (MW) wind farm in Ninh Thuan province, Viet Nam.
The Asian Development Bank (ADB) signed a $107 million financing project with BIM Wind Power Joint Stock Company (BIM Wind) to support the operation of an 88-megawatt (MW) wind farm in Ninh Thuan province, Viet Nam.
ADB provides $116 million loan to develop wind farms in Quang Tri e.theleader.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from e.theleader.vn Daily Mail and Mail on Sunday newspapers.
The Asian Development Bank (ADB) has secured a $116m (€95.1m) green loan to build and operate three 48MW wind farms, totaling 144 MW, in Quang Tri Province, Vietnam.
The loan is with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nguyen) .
The project is expected to increase Vietnam’s wind power capacity by 30%, helping the country meet rapidly growing demand for energy.
Lien Lap, Phong Huy, and Phong Nguyen are owned by Power Construction Joint Stock Company No.1 (PCC1) and RENOVA.
The loan forms part of a $173m green loan project financing package arranged and syndicated by ADB as mandated lead arranger and bookrunner.