Distribution Grid Development Sector Project for Viet Nam Power Corporations (ADB-49175-001)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
National-wide - the Energy Sector
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Active
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.
Voting Date
Jul 15, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Vietnam
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 16, 2017

Disclosed by Bank Aug 2, 2016


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Project Description
The Government of the Socialist Republic of Viet Nam has requested a project preparatory technical assistance (PPTA) from the Asian Development Bank (ADB) to conduct due diligence and prepare an investment project Distribution Grid Development Sector Project for Viet Nam Power Corporations. This is to support the government in the implementation of its Seventh Power Development Plan 2011-2020 (PDP VII) in providing adequate and reliable power supply. The ensuing project (the project) will assist part of the government's investment program in strengthening the power distribution system, managed by the distribution power corporations (PC) of state-owned Vietnam Electricity (EVN).
Investment Description
  • Asian Development Bank (ADB)
Technical Assistance Special Fund US$ 1.00 million The TA is estimated to cost $1,100,000 equivalent, of which $1,000,000 will be financed on a grant basis by the ADB Technical Assistance Special Fund (TASF-V). The government will provide counterpart support for the TA in the form of counterpart staff, office space, office supplies and internet access, and other in-kind contributions with an estimated value of 10% of the total cost of the TA.
Contact Information
Responsible ADB Officer Wanniachchi Kankanamalage, Aruna K. Responsible ADB Department Southeast Asia Department Responsible ADB Division Energy Division, SERD Executing Agencies Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550, Philippines *No contact information found* 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