Vietnam's EVN secures $1.13-B loan for LNG power plant project
1/16/2026
Vietnam's state utility EVN signed an agreement on Friday for a syndicated loan worth 29.57 T dong ($1.13 B) to build an LNG-fired power plant, the company said.
The loan is provided by four of Vietnam's top banks, including Vietcombank, VietinBank, BIDV and Agribank, EVN said in a statement.
The Southeast Asian country is seeking to ramp up its power generation capacity to keep up with its expanding economy, which grew 8% last year.
The loan will cover around 56% of the funding needed for the 1,500-megawatt Quang Trach II power plant to be built in the central province of Quang Tri, EVN said.
The plant is scheduled to be fully operational by 2030.
Related News
Related News
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
Comments