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Vietnam / Insurance for Nghi Son 2 Supercritical Coal Fired Power Plant


Apr 19, 2019

Nippon Export and Investment Insurance

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Kazuhiko Bando) has provided Overseas Investment Insurance (Equity Investment, etc.) to support Marubeni Corporation (Marubeni)’s investment in Nghi Son 2 Supercritical Power Limited Liability Company (NS2PC) for Nghi Son 2 coal fired power plant project as well as Overseas Untied Loan Insurance (Guarantee Obligations) to support Marubeni’s guarantee on subordinated loans to NS2PC.

In the project, NS2PC constructs, owns and operates 600 MW x 2 coal fired power plants in Thanh Hoa Province, at northern part of Vietnam, aiming to sell generated power to Vietnam Electricity (EVN) over 25 years. This project is expected to contribute to supply stable electricity as a base-load power source in Vietnam which is tight for demand and supply of the electricity. Also, the support for this project is in line with the 5th strategic energy plan which the Japanese Government announced in July, 2018.

As Japan’s official export credit agency, NEXI will continue to actively support Japanese overseas business and infrastructure development.


(Reference)
Overseas Investment Insurance (Equity Investment, etc.) /
Overseas Untied Loan Insurance (Guarantee Obligations)
Insured Marubeni Corporation
Covered Risks Political Risk (100%)

Contact: Overseas Investment Insurance Underwriting Group, Underwriting Department
Tel:03-3512-7668

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