According to the AIIB, the objective of the project is to provide long-term financing and enhance climate resilience for existing solar photovoltaic (PV) assets in Viet Nam by upgrading and operating the Project solar PV plants.
The Project involves the upgrading and operating of 200MW solar PV plants located in the southern-central coastal area in the Thuan Bac district, Ninh Thuan province of Viet Nam. The solar PV plants have been in operation since achieving commercial operations dates in April and June 2020.
The proposed AIIB loan will support project operation and upgrade capital expenditures to mitigate climate vulnerability and enhance Project climate resilience.
As stated by the Financial Times, EDP Renovaveis SA, also known as EDPR, is a Spain-based company active in the renewable energy sector. The Company concentrates on the production of energy from renewable resources. The Company's activities comprise the development, operation and maintenance of such electric power stations as hydroelectric, wind, solar, tidal, biomass and waste plants, among others. It operates [worldwide, with major operations] in Spain, Portugal, Belgium, France, Italy, Poland, Romania, the United Kingdom, Brasil, the United States, as well as Canada.
The borrower, Xuan Thien Ninh Thuan JSC, is part of the Xuan Thien Group. Founded in December 2005, Xuan Thien Group invests in renewable energy infrastructure (including wind, solar, and hydropower), mechanical engineering, civil and industrial construction, professional and skilled machinery installation. The group operates in Vietnam through its subsidiary companies.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|EDP Renováveis, S.A.
|Xuan Thien Group
AIIB Team Leaders:
Ji Qi - Investment Operations Specialist
Zhou Lin - Investment Operations Specialist
Borrower - Xuan Thien Ninh Thuan JSC:
Dinh Nguyen - Country Manager
Email: Dinh.firstname.lastname@example.org / email@example.com
Address: My Nhon Hamlet, Bac Phong Commune, Thuan Bac District, Ninh Thuan Province, Vietnam
Phone: +84 2596 267 996
Implementing Agency - EDP Renováveis, S.A.:
Susana López Blanco - APAC Finance Director
Address: Centro Empresarial Parque Norte Building, Madrid 28033, Spain
Phone: +34 902830700
Fax: +34 914238410
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