Rural Electrification Project (ADB-49131-002)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Ministry of Industry and Trade, Viet Nam Electricity
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 325.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 325.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 31, 2017

Disclosed by Bank Sep 5, 2016


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Project Description
According to ADB website, the proposed Rural Electrification (RE) project will support the Socialist Republic of Viet Nam's rural electrification program for 2013-2020 (the government's RE program) and is aligned to the Seventh National Master Plan for Power Development for 2011-2020 (PDP7) which targets full electrification by 2020. The proposed project will: 1. Assist the government in achieving its target of 99.89% electrification by 2020; 2. Improve the reliability of power distribution networks in rural areas; and 3. Strengthen the institutional capacities of Ministry of Industry and Trade (MOIT), Provincial People's Committee(s) (PPC), Viet Nam Electricity (EVN), and Power Corporation(s) (PC) to undertake rural electrification projects.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Jung, Choon Sik Southeast Asia Department, ADB No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main