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
Borrower - Viet Lao Power Joint Stock Company:
Mr. Phung Minh Cha - Chief Executive Officer
Phone: +(84-4) 3854 8672
Address: 9th Floor Tower B, HH4 Building, Pham Hung Street, Me Tri, - Nam Tu Liem, Hanoi, Vietnam
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