| Add RSS Feed

13 June 2003 - Project financing of $300m has been raised for a new gas fired power plant to be constructed in an industrial area, some 80 km southeast of Ho Chi Minh City, Vietnam, it was announced Thursday.

Japanese trader Nissho Iwai Corporation said it has signed an agreement with a group of financial institutions, including Japan Bank for International Co-operation, on financing the project, which will cost $400m in total.

The project is promoted by Nissho Iwai, Kyushu Electric Power Co., Britain's BP PLC and a Singapore concern. The $300m in project finance will be provided by the group comprising such institutions as JBIC, the Asian Development Bank and Mizuho Corporate Bank.

The 716.8 MW plant will use Vietnamese-made natural gas and is scheduled for commissioning in 2004. It will supply electricity to Vietnam National Electrical Power Corporation under a 20-year agreement.

| Add RSS Feed

---

More Projects/Contracts Articles >

Search Archives >

Power Engineering Article Categories:

Business		Projects/Contracts
Industry News		Deregulation
Environmental		Русский язык
Power Generation Young Professionals		Honeywell Automation & Control Solutions
HoneyWell Press Releases		HoneyWell Product Information
Power Engineering International Current Issue Table of Contents
Power Engineering Current Issue Table of Contents
Potencia Current Issue Table of Contents
Nuclear Power International Current Issue Table of Contents
Middle East Energy Current Issue Table of Contents

---

Search Products Buyer's Guide >

Search Industry Jobs >

Magazine & E-Newsletter Subscriptions >