Phu Yen TTP Joint Stock Company (TTPY) #44326
Created at
2022-06-23
Last update
2024-02-16
Involvements (2)
ID
Name
Asian Development Bank (ADB)
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
186 000 000
$
Loan date
2020-10-09
Comment
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) today signed a $186 million loan to develop and operate a 257 megawatt (MW) solar power plant in Hoa Hoi, Phu Yen Province, Viet Nam, through the country’s first certified green loan.
ID
Name
B.Grimm Power Public Company Limited
Country of registration/origin
Thailand
Classification
Stock-exchange listed company
Relationship
Parent company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
80 %
Comment
80% is invested by B.Grimm Power PCL Company of Thailand, the rest in the project is invested by Vietnam Truong Thanh Group (20%). 15% of TTVN's share in Phu Yen TTP had been transferred to one of Japan's leading power suppliers - Yonden Corporation (Shikoku Electric Power Co., Inc.) since May 25, 2023.
Deals (Involvements as Operating company) (1)
ID
Target country
Vietnam
Intention of investment
Solar park
Current negotiation status
Concluded (Contract signed)
Current implementation status
In operation (production)
Deal size
256 ha