Location: Hải Hậu district, Nam Định province

Estimated cost: USD $2.2 billion

The sponsors will finance the project on a 75:25 debt to equity ratio – seeking US$1.65 billion in debt.

Expected financial close: Mid-2017

Status: Pre-Permit Development

Completion expected: 2020 

  • ACWA Power
  • Taekwang Power
  • Financial: Clifford Chance
  • Legal: Shearman and Sterling
  • Posco Engineering & Construction

  • Mizuho Financial Group (Lead Arranger)
  • DBS
  • DZ Bank
  • Korea Development Bank
  • MUFG
  • Standard Chartered

Export Credit Agencies (ECAs)

  • Export–Import Bank of Korea (Kexim)
  • Korea Trade Insurance Corporation (K-sure)


  1. IJGlobal (19 April 2017), ‘Nam Dinh 1 coal-fired PPA to sign in June’
  2. Mia Tamara-Stubbs,  IJGlobal (31 January 2017), ‘Banks Mandated on Nam Dinh 1 IPP’
  3. Vietnam News (19 January 2016), ‘Nam Dinh thermal power plant pact signed’
  4. ACWA Power (2016), ‘Assets’
  5. Taekwang Power Holdings (2016), ‘Message from management’

Information updated: April 20, 2017

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