Phu My 3 ready to launch

Rare Vietnamese credit set to test market appetite.

Bank of Tokyo-Mitsubishi, Credit Agricole Indosuez, Credit Lyonnais, Fortis Bank and Mizuho have underwritten a $170 million credit facility to finance the construction of the Phu My 3 Power Project in Vietnam. The project involves the construction of a 717MW gas-fired combined cycle power plant in the southern province of Ba Ria-Vung Tau, 75km from Ho Chi Minh City.

This is the third phase of the Phu My power project, which will eventually be able to supply 3,600MW...

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