The proceeds will fund the construction and operation of three 48MW wind farms sponsored by the same local company in Quang Tri Province, Viet Nam.
|Project Name||Lotus Wind Power Project|
|Borrower/Company||Lien Lap Wind Power Joint Stock Company
Phong Huy Wind Power Joint Stock Company
Phong Nguyen Wind Power Joint Stock Company
|Type or Modality of Assistance||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Partnerships
Private sector development
|Sector / Subsector||
Energy / Renewable energy generation - wind
|Gender Equity and Mainstreaming||Effective gender mainstreaming|
|Responsible ADB Department|
|Responsible ADB Division|
|Responsible ADB Officer||Gabisch, Michael|
|Project Sponsor(s)||Power Construction Joint Stock Company No. 1
|Description||The proceeds will fund the construction and operation of three 48MW wind farms sponsored by the same local company in Quang Tri Province, Viet Nam.|
|Objectives and Scope||
The Project entails the development, construction, operation and maintenance of three 48MW wind farms (144MW in total) and the ancillary facilities in Huong Hoa district, Quang Tri province in central Viet Nam, under a fixed-price, date-certain, turkey EPC arrangement with PCC1. Vestas will supply, deliver, install and maintain the wind turbines. The Project will be implemented under 20-year PPAs with EVN.
The Project will be one of the first and largest wind power projects financed by the private sector in Viet Nam and one of the first to have attracted international lenders. It is highly aligned with ADB's Strategy 2030 in supporting climate change mitigation and adaptation, and the Vietnamese government's Revised National Power Development Master Plan for the 2011-2020 Period with the vision to 2030 (Revised PDP 7) to promote renewable energy and specifically grow the country's wind power capacity to 2,000 MW by 2025 and 6,000 MW by 2030.
|Linkage to Country/Regional Strategy||
The Project aligns with ADB's Energy Policy, which (i) aims to prioritize and broaden support for renewable energy projects and (ii) encourages private sector participation. The Project will contribute to the targets for wind generation capacity in Viet Nam's Revised PDP 7. Consistent with a "One
ADB" approach, the Project has benefited from close cross-departmental collaboration with ADB's Southeast Asia Department (SERD) in assessing and analyzing Viet Nam's energy sector.
|Summary of Environmental and Social Aspects|
|Environmental Aspects||ADB has categorized the investment in compliance with ADB's Safeguard Policy Statement (2009) as category B for Environment.|
|Involuntary Resettlement||ADB has categorized the investment in compliance with ADB's Safeguard Policy Statement (2009) as category B for Involuntary Settlement.|
|Indigenous Peoples||ADB has categorized the investment in compliance with ADB's Safeguard Policy Statement (2009) as category B for Indigenous Peoples.|
|Stakeholder Communication, Participation, and Consultation|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||12 May 2020|
|Credit Committee Meeting||27 Jan 2021|
|Approval||24 Mar 2021|
|Last PDS Update||24 Mar 2021|
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.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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|Title||Document Type||Document Date|
|Lotus Wind Power Project: Gender Action Plan||Gender Action Plans||Feb 2021|
|Lotus Wind Power Project: Report and Recommendation of the President||Reports and Recommendations of the President||Feb 2021|
|Lotus Wind Power Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Jan 2021|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
ADB Signs Green Loan to Develop 144 MW Wind Farms in Viet NamThe Asian Development Bank (ADB) signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nyugen)..