Song Hau 1 (1200 MW)

Location: Hậu Giang Industrial Park, Mái Dầm town, Châu Thành district, Hậu Giang province

Estimated cost: USD $1.2 billion

Debt-Equity ratio: 100:0

Expected financial close: 2017

Status: Construction commenced

Completion expected:
Unit 1: 2018
Unit 2: 2019

PetroVietnam Group
Lilama Corporation

  • Citi (Lead Arranger)
  • Syndicate of nine international banks (USD$213M term loan)

Export Credit Agencies (ECAs)

  • Korea Trade Insurance Corporation (K-sure) (USD$507M Credit Insurance)
  • Korea Export-Import Bank (Kexim) (USD$480 Export Credit Line)


  1. PetroVietnam Engineering (2017), ‘Song Hau 1 Coal Fired Thermo Power Plant’
  2. Mia Tahara-Stubbs, IJGlobal (30 November 2016), ‘Details emerge on Petro Vietnam’s Song Hau 1 coal-fired power plant financing’
  3. BMI Research (2016), ‘Vietnam Power Report – 2016 Q4’

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.