Viet Nam: Mong Duong 1 Thermal Power Project
The Asian Development Bank (ADB) provided two loans under the multitranche financing facility (MFF) modality to support the single time-sliced investment project. The project aimed to provide access to reliable, stable electricity supply in northern Viet Nam. A completed 1,000 MW coal-fired power project using CFB technology was the output. Tranche 1 funded preparatory activities, while tranche 2 financed the power plant and ancillary facilities. Since the time-sliced loans supported the implementation of the same asset, there was a common design and monitoring framework (DMF) and the project completion report (PCR) and this evaluation cover the MFF and the two tranches. IED overall assessment: Successful.