Phu My 3 ready to launch

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.