Signing ceremony of Cat Hiep solar PV plant’s Credit Agreement
On March 7th, 2019, at the French embassy in Hanoi, Quadran International and its local partner Truong Thanh Vietnam Group have signed a Credit Agreement with the Bank for Investment and Development of Vietnam (BIDV) for the financing of $ 37 millions for the “Cat Hiep” 50 MW PV solar power plant.
The French ambassador Mr. Bertrand Lortholary presided the event. Representatives from the French embassy, BIDV bank, Quadran International and its local partner TTVN were present.
About “Cat Hiep” PV solar plant
Cap Hiep 50 MW solar power plant with Quadran International and its partner Truong Thanh Vietnam Group (TTVN) as sponsors is located in Binh Dinh Province, Vietnam. The plant is currently under construction and is planned to be commissioned by July 2019. Annual production is about 78 000 MWh.
Alexandre Lambolez, CEO
“This is a major milestone in Quadran International’s strategy to get rooted in South-East Asia. For us Vietnam is today one of the region’s most active and promising market for renewable energy: the country will give the starting signal for the whole region’s energy transition.”
Guillaume Voineau, SEA Agency Director
“Quadran International is demonstrating today its willingness to lead renewable projects in Vietnam. We hope this project will allow us to establish on a long-term basis in the country, along with our local partners, through the development and acquisition of stakes of many more promising renewable energy projects.”
Phong The Han, Country Director
“We are very proud to be at the origin of one of the first solar projects in Vietnam, and to have the opportunity to support the government in achieving its sustainable development goals.”