EXIM Thailand, ICBC Thai and ICBC Hanoi’s Project Financing of a Solar Farm in Vietnam

Baker McKenzie represented The Export-Import Bank of Thailand, Industrial and Commercial Bank of China (Thai) Public Company Limited, and Industrial and Commercial Bank of China Limited, Hanoi City Branch. Clifford Chance advised Asian Development Bank on the deal.

The Export-Import Bank of Thailand, Industrial and Commercial Bank of China (Thai) Public Company Limited, and Industrial and Commercial Bank of China Limited, Hanoi City Branch, executed a THB 1.2 Billion (approx. $37.87 million) project financing of a 50 MW photovoltaic solar farm in Vietnam for Thinh Long Phu Yen Solar Power Joint Stock Company, a wholly-owned subsidiary of Super Energy Corporation Public Company Limited.

Export Import Bank of Thailand (EXIM) provides financial services. The Bank offers credit facilities, guarantees, risk insurance, foreign exchange, and other services. 

Industrial and Commercial Bank of China Limited offers deposits, loans, fund underwriting, foreign currency settlement, and other services, and also provides its services to individuals, enterprises, and other clients.

The Baker McKenzie team was led by partner Vit Vatanayothin (Picture), Associates Tatcha Thumpramoth, Pranisa Chinkulkitniwat and Andy Thamsirisup.

The Clifford Chance team was led by Hans Menski and Philip Sealey.

Involved fees earner: Pranisa Chinkulkitniwat – Baker McKenzie; Andy Thamsirisup – Baker McKenzie; Tatcha Thumpramoth – Baker McKenzie; Vit Vatanayothin – Baker McKenzie; Hans Menski – Clifford Chance; Philip Sealey – Clifford Chance;

Law Firms: Baker McKenzie; Clifford Chance;

Clients: Asian Development Bank; Export-Import Bank of Thailand; Industrial and Commercial Bank of China; Industrial and Commercial Bank Of China (Thai);