35914-014: VIE: MEKONG ENERGY COMPANY LIMITED (Phu My 2.2 Power)

Project Data Sheet (PDS): Overview


Description

The Project involved constructing and operating a 715 MW gas-fired combined cycle power plant in the Phu My Power Generation Complex (PMPGC) in Ba Ria-Vung Tau Province under a build-operate-transfer (BOT) contract. The Project provides additional base-load capacity to mitigate the country's projected power shortfall. The electricity is purchased by Electricity of Vietnam (EVN) under a 20-year power purchase agreement on a take-or-pay basis. The Project is Viet Nam's first private power project awarded on the basis of an international competitive bidding process. The Government guarantees the performance obligations of the Vietnamese counterparties and also the availability, convertibility, and transferability of foreign exchange. Read More

Country Viet Nam
Borrower/Equity Investment Name
Project Number 35914-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7176/1906
Approval Date 02 Jul 2002
Closing Date 18 Oct 2005
Geographical Location Ba Ria-Vung Tau Province, South east of Ho Chi Minh City
Sector / Subsector Classification Energy
/ Conventional Energy
Thematic Classification Economic growth
Private sector development
Safeguard Categories Environment: A

Results Delivered

Installed energy generation capacity (megawatt equivalent) 715
Greenhouse gas emission reduction (tons of carbon dioxide equivalent per year) 129,575

The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Kevin Moss
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Investment Funds & Special Initiatives Div

PDS Creation Date
31 Jul 2006

Last PDS Update
17 Sep 2013

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