Business Data
Loas Hydropower Project Funding Finalised
Mega First Corporation signed agreements to obtain USD150mn to partly finance the 260MW Don Sahong hydropower project in Laos. The sum comprises USD85mn in term loan facilities and USD65mn Islamic financing, both with tenures of up to six years. The conventional loan's repayment will start in January 2020 or on a mutually agreed later date, while the repayment of the financier's sale price under the Islamic financing facility will start three months following the first disbursement/utilisation date. The plant will cost USD500mn and will be constructed by Don Sahong Power Company. The facility is slated to be completed by end 2019 and operational in early 2020, according to the Sun Daily.