Distribution Grid Development Sector Project for Viet Nam Power Corporations (ADB-49175-003)

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
Central Power Corp., Hanoi Power Corp., Northern Power Corp., Southern Power Corp.
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)
$ 335.00 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)
$ 335.00 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)
$ 450.00 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 1, 2017

Disclosed by Bank Aug 2, 2016


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Project Description
According to ADB website, the proposed Distribution Grid Development Sector Project for Viet Nam Power Corporations will support the Socialist Republic of Viet Nam in the implementation of its seventh Power Development Plan 2011 2020 (PDP VII) to provide adequate and reliable power supply to sustain economic growth, and expand employment and income-generating opportunities articulated in the socioeconomic development strategy of Viet Nam. The project will assist part of the government's investment program in strengthening the power distribution system, managed by the five distribution power corporations (PCs) of state-owned Vietnam Electricity (EVN). It will support: (i) upgrading and development of 220 kilovolt (kV), 110 kV, and medium voltage (6 kV to 35 kV) power networks including associated substations in the urban and industrial areas across the country; and (ii) capacity strengthening of the PCs.
Investment Description
  • Asian Development Bank (ADB)
ADB 335.00 Co-financing - ASEAN Infrastructure Fund 25.00 Government 90.00 Project total cost 450.00
Contact Information
Project Officer: Wanniachchi Kankanamalage, Aruna K. Southeast Asia Department 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