Location: Vĩnh Tân commune, Tuy Phong district, Bình Thuận province

Estimated cost: USD $2 billion

Vinh Tan 4 and the Vinh Tan 4 expansion are slated be in service by 2019.

Financial close expected: Mid-2017 

Status: Planning

Completion expected: 2019

  • OneEnergy Ventures Limited [a 50:50 joint venture between Hong Kong-based CLP Holdings and Diamond Generating Asia (DGA), a subsidiary of Japan’s Mitsubishi Corp] 49%,
  • Electricity of Vietnam Group (EVN) 29%
  • Thai Binh Duong Group 22%
  • SPV: Vinh Tan 3 Energy Joint Stock Company (VTEC)
  • Financial: HSBC
  • Legal – Lenders: Shearman & Sterling
  • Legal – Sponsors: Linklaters
  • China Development Bank (Lead Arranger)
  • HSBC
  • Standard Chartered
Harbin Electric

References

  1. Mia Tahara-Stubbs, IJGlobal (18 July 2017), ‘DBS drops out of Vinh Tan 3 coal-fired bank syndicate’
  2. Mia Tahara-Stubbs, IJGlobal (2 June 2017), ‘Vinh Tan 3 coal-fired sets sights on term sheet form agreement’
  3. Baron Laudermilk, IJGlobal (8 March 2017) ‘Financial Close Q3 2017, Vinh Tan 3 coal-fired plant’
  4. Climate Policy Initiative (2016), ‘Slowing the Growth of Coal Power outside of China’
  5. BMI Research (2016), ‘Vietnam Power Report – 2016 Q4’

Information updated: 22 Jul 2017

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