Located in Vietnam’s Quang Ninh province, the $2bn Mong Duong 2 power plant is being sponsored by AES Corporation, POSCO Power and a unit of China Investment Corporation.
Doosan Heavy Industries and Construction Co will serve as the EPC contractor for the power project, which is expected to begin commercial operations in 2015.
The debt financing is being provided by 12 commercial banks and the Export-Import Bank of Korea, while K-sure is insuring a significant portion of the financing.
