The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited (Monsoon) have signed a $ 692.55 million nonrecourse project financing package to build a 600MW wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic (Lao PDR) to export and sell power to neighboring Vietnam.
Comprising 133 wind turbines, the project will be the largest wind power plant in Southeast Asia and the first in the Lao PDR. ADB has, arranged, structured, and syndicated the entire financing package. The package comprises a $100 million A loan from ADB’s ordinary capital resources, a $150 million syndicated B loan, $50 million in concessional financing, $382.55 million in parallel loans, and a $10 million grant.
