Long Phu 1 (1200 MW)

Location: Long Đức commune, Long Phú district, Sóc Trăng province

Estimated cost: USD $1.59 billion

The sponsors will finance the project on a 70:30 debt to equity ratio – seeking US$1.1 billion in debt.

Expected financial close: Early 2017

Status: Construction commenced

Completion expected: 2018

Another 1320MW power plant (Long Phu 2) has been announced for the same site.

PetroVietnam Technical Services Corporation (PetroVietnam Group)
Gazprombank (Adviser to OJSC Power Machines)
  • OJSC Power Machines (Russia)
  • BTG Energy (Slovakia)
  • PetroVietnam Technical Services Joint Stock Corporation (PTSC)
Banks/Lead Arrangers

  • HSBC
  • JP Morgan
  • Mitsubishi UFJ Financial Group
  • Cathay Bank

Export Credit Agencies (ECAs)

  • SACE (Italy)
  • Hermes (Germany)
  • US Ex-Im
  • UKEF
  • Egap (Czech Republic)
  • Exiar (Russia)
  • Korea Export-Import Bank (Kexim)


Information updated: April 15, 2017

In addition to the references noted above, Market Forces also considers information from financial journals, companies’ public disclosures, and news reports.