JAKS Resources Bhd’s Vietnam unit has achieved the financial close of the build-operate-transfer (BOT) contract for the US$1.87bil coal-fired thermal power plant project in Vietnam.
It said on Friday its unit Jaks Hai Duong Power Company Ltd had informed Vietnam’s Ministry of Industry and Trade about the financial close but this also hinged on fulfilling several requirements.
They included the registration of the shareholder loan agreement between China Power Engineering Consulting Group (Hong Kong) Investment Co., Limited and Jaks Hai Duong, with the State Bank of Vietnam and the Ministry of Justice of Vietnam’s legal opening.
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It said on Friday its unit Jaks Hai Duong Power Company Ltd had informed Vietnam’s Ministry of Industry and Trade about the financial close but this also hinged on fulfilling several requirements.
They included the registration of the shareholder loan agreement between China Power Engineering Consulting Group (Hong Kong) Investment Co., Limited and Jaks Hai Duong, with the State Bank of Vietnam and the Ministry of Justice of Vietnam’s legal opening.
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