According to the bank's documents, the project aims to mobilize private capital for the restructuring or refinancing of the existing debt of the 125MW Dakdrinh Hydropower Plant in Central Viet Nam. In addition, "the refinancing of the Project involves removal of the sovereign guarantee from the GoV and insurance cover in support of the existing debt financing." The project has been constructed and operational since 2014.
The hydropower plant had a total project cost of USD 280 million in 2011 and was "partially funded by a USD 178 million loan with cover from an export credit agency, and a guarantee by the Government of Viet nam (GoV)." In terms of the new proposed financing, it "involves an AIIB A/B loan of up to USD95 million, with an A Loan facility for AIIB's own account in the amount of USD47.5million million and B-loan participation of USD47.5 million from commercial bank(s)."
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Dakdrinh Hydropower Joint Stock Company||Client||-|
Project Team Leader: Asian Infrastructure Investment Bank
James Lok, Principal Investment Operations Specialist
Borrower: Dakdrinh Hydropower Joint Stock Company
Dam Duc Thong, Director
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html