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As stated by the IFC, Xekaman 1 Power Company Limited and Xekaman 3 Power Company Limited operate three existing hydroelectric projects in Lao People’s Democratic Republic. The Companies are the subsidiaries of Viet Lao Power Joint Stock Company, a Vietnam based company. The proposed refinancing by IFC for these projects includes a senior, secured A loan of up to US$ 90 million and mobilization of up to US$ 50 million from the Managed Co-Lending Portfolio Program as part of the package to refinance the existing loans of the Companies.
IFC proposes to provide up to US$ 90 million in the form of senior, secured A loan and mobilize up to US$ 50 million from the Managed Co-Lending Portfolio Program.
As stated by the IFC, Viet Lao Power Joint Stock Company was incorporated in 2003 as a Vietnamese company with a mandate to develop Built – Operate - Transfer power projects in Lao PDR for the export of electricity to Vietnam.
Viet Lao Power Joint Stock Company owns 100% shareholding in XKM 1 and 85% shareholding in XKM 3. The remaining 15% shareholding in XKM 3 is owned by Electricite du Laos.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Viet Lao Power Joint Stock Company | Client | Hydropower |
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
Borrower - Viet Lao Power Joint Stock Company:
Mr. Phung Minh Cha - Chief Executive Officer
Phone: +(84-4) 3854 8672
Email: phungminhcha@gmail.com
Address: 9th Floor Tower B, HH4 Building, Pham Hung Street, Me Tri, - Nam Tu Liem, Hanoi, Vietnam
Website: https://vietlaopower.com/
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org