Loan 2814-VIE: O Mon IV Combined Cycle Power Plant Project - Loan Cancellation

Date: January 2014
Country:
Subject:
Document Type: Cancellation Notices
Project Number: 43400-013

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Description

This provides the notice of loan cancellation for the O Mon IV Combined Cycle Power Plant Project in Viet Nam.

On 18 September 2013, representatives of ADB and Kreditanstalt für Wiederaufbau Bankengruppe (KfW) met with Deputy Prime Minister Hoang Trung Hai, who requested both the ADB and KfW loans to be cancelled since the GSPA agreement with the foreign partners is unlikely to be concluded. Following this meeting, the Government of Viet Nam issued a letter to ADB to cancel the loan on 20 November 2013. Since the loan agreement was not signed, the validity of ADB approval lapsed on 23 November 2013.