Clarification of legal ambiguities on the debt financing for
the Mong Duong two coal-fired power plant looks set to
accelerate the development of future projects in Vietnam.
The $1.5 billion project is the largest independent power
project ever undertaken in Vietnam and the first build operate
transfer (BOT) project to reach financial close since 2003.
According to Joseph Bevash, managing partner at Latham &
Watkins in Tokyo, the transaction is the first new major
power development involving an American company in