The Asian Infrastructure Investment Bank (AIIB) has considered financing two wind power projects in Vietnam’s Central Highlands provinces of Dak Lak and Gia Lai, with loans worth $160 million, local media reported.
The 200-megawatt (MW) Dak Lak project costs $345.8 million. The project cost includes $115.8 million in equity and $230 million in loans, of which $100 million will likely come from AIIB and $130 million from commercial banks. AIIB is expected to provide its final review decision in the third quarter (Q3) of 2023 and financing approval in Q4/2023.
The 99-MW Gia Lai project costs $60 million which will likely be financed by AIIB. The bank is scheduled to give its appraisal decision in Q2/2023 and then financial approval in Q3/2023.
China Huadian Engineering Company Limited is the guarantor and sponsor of the project in Dak Lak and China Power International Development Limited is the sponsor of the project in Gia Lai. (The Investor [1])