NAME: $195 million term loan financing for Vietnam’s largest waste-to-energy plant
LAW FIRM: DFDL, King & Wood Mallesons
LAWYERS: DFDL – Phonganh Hoang, Dave Seibert
King & Wood Mallesons – Michael Lawson, Zhigang Liu, Yinghao Lv, Joaquin Sales, John Shum
JURISDICTION: China, Vietnam
PRACTICE AREAS: Banking and finance
INDUSTRY SECTORS: Energy
The $195 million term loan financing for Vietnam’s largest waste-to-energy plant is our deal of the month for January.
DFDL and King & Wood Mallesons have advised on a $195 million Sinosure-backed financing to Ha Noi Thien Y Environmental Energy for the development of a 75MW waste-to-energy plant in Hanoi, with KWM advising the mandated lead arrangers and DFDL advising on the Vietnamese legal aspects of the deal.
The new plant would be expected to modernise local garbage treatment and sustainable development with a processing capacity of 4,000 tons of solid waste per day to help treat litter.
With the ability to not only process solid wastes but also generate energy, waste-to-energy technology is believed to be a feasible solution for solid waste problems in many urban districts in Vietnam, including Hanoi and Ho Chi Minh City.