All credit contracts for the Mong Duong 2 Thermal Power Project have been signed, according to the project’s investor.
The Export-Import Bank of Korea (KEXIM) and the Korean Trade Insurance Corporation (KSURE) as well as 12 foreign commercial banks will provide credit guarantees worth more than US$1.46 billion out of the project’s total capital of US$1.95 billion.
Capital will be disbursed in August to get the 1,240MW project off the ground in Quang Ninh province.
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