Renewable energy / small hydro power plants - Providing a line of credit for investments in power plants Country: Vietnam Financing: KfW Development Bank Category: ENERGY Project Status: GRANT FUNDING Carrier: Vietnam Development Bank (VDB) Under the Financial Cooperation (FC) with Vietnam encourages the Federal Republic of Germany, a program to finance investments in small hydro power plants (SHP). It's about private investors to put on the Vietnam Development Bank (VDB) than by senior bank and program support to build long-term loans for small and medium hydropower plants with a capacity of up to 30 MW. This is a contribution to developing more environmentally friendly and stable electricity supply in Vietnam. Another objective of the FC measure is to strengthen the Vietnamese financial system by expanding the product offering to the institutional financing of renewable energy. In addition, the project will contribute developmentally to environmental and climate protection and sustainable economic growth in the country. The direct target group of the program are private entrepreneurs as investors and operators of small hydro and the VDB, the new business opportunities in the area of long-term infrastructure financing may develop. Indirectly benefit all of the grid connected electricity consumers an environmentally friendly and stable energy supply. The total project cost is estimated at approximately â‚Ź 70 million. To finance a loan-FZ of 50 million euros from the Initiative for Climate and Environment (IKLU) is provided. The contribution of the final borrowers will be at least 30%. Complementary to the investment component are carried out supporting measures and the overhead of a centralized testing and monitoring body will be settled. The cost is estimated at 500,000 â‚Ź. For program implementation are provided in the 48 months period 2011 to 2015. Total cost = 70 million EURO Donor contribution = 50 million euros, FC loans Promoter: Vietnam Development Bank (VDB) 25A Cat Linh Dong Da Dist. Hanoi Vietnam Tel: 0084 4 / 37 36 56 59 Tel: 0084 4 / 37 36 56 71 Fax: 0084 4 / 37 36 56 72 Internet: www.vdb.gov.vn Contact Address: KfW Development Bank, Country Department 3, L3b5 (KC-energy)
Eva-Maria Zenk, Project Manager PalmengartenstraĂ&#x;e 5-9 60325 Frankfurt / Main; Postfach 11 11 41 60 046 Frankfurt / Main Germany Tel: 0049 31 25 85 69 / 74 E-mail: eva-maria.zenk @ kfw.de Internet: www.kfw-entwicklungsbank.de