Energy Capital Vietnam (ECV) Selects Deutsche Bank AG as Debt Financing Advisor for Vietnam LNG Project


DALLAS, October 13, 2020 /PRNewswire/ — Energy Capital Vietnam (ECV), a U.S.-based project development and holding company established to serve as a private investment platform in Vietnam, has selected Deutsche Bank AG as its debt financing advisor. A consortium led by ECV is developing a liquefied natural gas (LNG) power project in Mui Ke Ga, Binh Thuan Provincein Southeast Vietnam.

Deutsche Bank AG has been retained as ECV’s debt structuring advisor and to subsequently become the global lead arranger for all required debt financing of the project.

“Vietnam has recently implemented policy reforms to encourage the private sector participation needed to meet its incredible energy demand over the next decade, and ECV’s market-driven financing model can generate sustainable investments. . said David Lewis, Chairman and CEO of ECV. “By engaging Deutsche Bank, which brings proven expertise in strategic capital structure solutions and global debt placement, ECV is well placed to build a fundamental long-term framework for private sector financing of energy infrastructure in Vietnam.”

Prime Minister Nguyen Xuan Phuc recently issued a directive to add the ECV project to the National Electricity Development Plan of Vietnam. The Ministry of Industry and Trade (MOIT) is responsible for submitting the updated plan for the years 2021-2030 to the Prime Minister in October 2020.

Acting National Director of Deutsche Bank Vietnam, Huynh Buu Quang said: “Deutsche Bank is pleased to support ECV for this important national energy project, which strengthens from vietnam energy diversification and security. The project will stimulate valuable economic development for Binh Thuan province, generating new jobs and business opportunities for area communities during construction, and providing reliable power to support stable economic growth for Vietnam Once finished.”

Maius GmbH, a Swiss project structuring and finance advisor, is advising ECV on its debt and equity structuring and risk mitigation for this project. The solution uniquely integrates insurers and financiers reducing and sharing risk, ensuring a significant reduction in project risk and financial costs.

“It is a great pleasure to witness first hand the methodical trust that ECV has earned from the government of Vietnam to be the pioneer of this revolutionary project. We are proud to work with Deutsche Bank and bring innovative supply solutions from international capital to support the ambitious growth of Vietnam,” said Stefan M. RohmerCEO of Maius GmbH.

The all-private multi-phase power project will connect via an undersea pipeline to an offshore Floating Storage and Regasification Unit (FSRU) to import LNG. Phase I of the project targets final investment decision (FID) at the end of 2021 and commercial operational delivery (COD) by 2025. The project will consume approximately 1.5 million tonnes per annum (mtpa) of LNG, with a ability to increase consumption to reflect subsequent development phases and opportunities presented by market conditions.

This press release may contain forward-looking statements based on current assumptions and forecasts made by management or either company and other information currently available to either company. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Neither company intends, and assumes no responsibility, to update these forward-looking statements or modify them to conform to future events or developments.

SOURCE Energy Capital Vietnam

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