Menu Sectors
Project Finance Copying and distributing are prohibited without permission of the publisher

Breaking borders

01 November 2001

Is Vietnam a power risk too far in the current world climate? Dominic Jones talks to potential arrangers and investors in Vietnam's first BOT deal.

Read more: [project financing] [project finance] [BOT] [project finance] [power projects]

The international banking community is about to take a giant leap into the unknown with the first ever project financing of a BOT power plant in Vietnam.

Proposals for the financing of Phu My 2.2, a 715MW gas fired power station sponsored by Electricite de France (EDF), Tokyo Electric Power Company (Tepco) and Sumitomo Corp, estimated to cost between $400 and $450 million, were due to be submitted on 23 October. Close on Phu My 2.2's heels, banker's expect another power project deal for Phu My 3, a 720MW facility sponsored by BP Amoco, SembCorp and Kyushu Electric. The two ventures are part of the overall 3,600MW Phu My power and Nitrogen complex, one of the key infrastructure schemes in Vietnam's national power development master plan.

The two projects are being planned around what bankers describe as fairly standard IPP formats. But given the nature of the...

Latest Deals Database updates

Kuala-Lumpur-Singapore High-Speed Rail PPP Project Update date 22/04/2014
Sector Transport > High-speed rail
Country Asia > Malaysia
Total Debt Loan Amount
Status Financial advisor mandated
Perth Stadium PPP project Update date 22/04/2014
Sector Leisure/Stadia > Stadia
Country Asia Pacific > Australia
Total Debt Loan Amount
Status Preferred bidder
IJmond Sea Lock PPP Update date 22/04/2014
Sector Transport > Port
Country Europe - EU > Netherlands
Total Debt Loan Amount
Status Tender launched
Change font size: Switch to default font size Switch to medium font size Switch to large font size