Chandler MHM advised on the financing for the development and operation of a 257 megawatt (MW) solar power plant in Vietnam. This solar project which is based in Hoa Hoi, Phu Yen Province, will be Vietnam’s largest single operating solar power plant and one of the largest in Southeast Asia. The power plant will be developed by Phu Yen Joint Stock Company, owned by B.Grimm Power and Truong Thanh Viet Nam Group JSC. B.Grimm Power is one of Thailand’s largest power producers. Lenders providing the US$186 million of financing included Asian Development Bank (ADB), Kasikornbank and Bangkok Bank. 

Joseph Tisuthiwongse, partner, led the Chandler MHM team supported by Tip-apa Limvichai (Counsel), Disaporn Saengpetch (Senior associate) and Suphachok Saengarun (Associate).

Joseph commented, “We are honored and delighted to assist the lenders on the financing of this landmark project. Vietnam will continue to require stable, clean energy as part of its future economic development, and we remain committed to helping Vietnam to achieve these goals". 

Clifford Chance advised ADB on international aspects of the financing and Frasers Law Company acted as local counsel. Chandler MHM frequently advises both lenders and sponsors on power generation projects in Thailand and across South East Asia including Vietnam.