AES-VCM to Construct $1.95bn Power Plant in Vietnam

AES-VCM Mong Duong Power will construct a $1.95bn coal-fired plant on a build-operate-transfer basis in Quang Ninh, Vietnam.

The 1.24GW Mong Duong 2 plant will receive a loan of $1.46bn from 12 banks led by the French CIC and German DZ banks.

Korea Eximbank and Korea Trade Insurance Corporation will provide commercial guarantees and political risk cover for the project, reports Reuters.