TTC secures ADB loan for Gulf Solar project in Vietnam

TTC Energy Development Investment has secured a $37.8 million loan from the Asian Development Bank (ADB) to support the development of the 50MW Gulf Solar Power Project in Tay Ninh Province, Vietnam. The loan is divided into an $11.3 million A loan, an $18.9 million B loan and an additional $7.6 million provided by the JICA-supported Leading Asia’s Private Infrastructure Fund. The B loan is provided by Bangkok Bank, Siam Commercial Bank, and Standard Chartered Bank.