
By Dat Nguyen October 10, 2020 | 08:00 am GMT+7 VNExpress
The Asian Development Bank (ADB) is leading a group of lenders to provide $186 million for the development of a solar power plant in the central province of Phu Yen.
The financing comprises a $27.9 million loan from the ADB, a $148.8 million syndicated loan funded by commercial banks with ADB as Lender of Record, and a $9.3 million loan provided by the Leading Asia’s Private Infrastructure Fund (LEAP).


A worker looks at wind turbines in central Ninh Thuan Province. Photo by VnExpress/Quynh Tran.
Workers install solar power panels on a rooftop in Ho Chi Minh City. Photo courtesy of Vietnam Electricity.



The total capacity of solar power projects registered by investors has become nearly 10 times higher than the targeted level.

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