Original disclosure @ AIIB website
Updated in EWS May 21, 2023
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According to the AIIB, the objective of the project is to provide long-term financing for the construction of four wind farms in Viet Nam with an aggregate installed capacity of 200MW, through two phases.
The Project will be developed through two phases: (i) Phase 1 is comprised of three 50MW sub-projects namely Krong Buk 1, Krong Buk 2, and Cu Ne 1; and (ii) Phase 2 is to develop the 50MW Cu Ne 2 sub-project.
This is a refinancing project. The Project has acquired a significant proportion of its land requirement, and civil works are at an advanced stage.
As stated by Bloomberg, China Huadian Engineering Co. Ltd. offers industrial engineering services. The Company contracts and serves heavy machinery, environment protection, water treatment, new energy technology, and energy technology research and service. China Huadian Engineering serves electric power, petrifaction, harbor, metallurgy, mining, civicism, and new energy fields.
Although the AIIB does not disclose information on the borrowers, they are likely to be special purpose vehicles established by China Huadian Engineering Co. Ltd. to implement the project's different phases.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||China Huadian Engineering Co Ltd||Client||Energy|
AIIB Team Leader:
James Lok - Lead Investment Operations Specialist
Sponsor - China Huadian Engineering Company Limited:
Zhang Yang - Director of Strategy & Financing Dept., International Business Company
Krong Buk New Energy Investment Company Limited
Krong Buk Wind Energy Company Limited
Cu Ne Renewable Energy Investment Company Limited
Cu Ne Wind Power Investment and Management Company Limited
Gao Jingxuan- Business Supervisor of Strategy & Financing Dept., International Business Company
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