PROJECT

Projects

Summary of Investment Information

Project Number

37567

Company Name

GIA LAI ELECTRICITY JOINT STOCK COMPANY

Date SPI Disclosed

Feb 5, 2016

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Apr 11, 2016

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Apr 20, 2023

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : May 12, 2016
Signed : May 27, 2016
Invested : Jul 7, 2016

Sector

Small Hydro (<10MW) - Renewable Energy Generation

Project Description

Gia Lai Electricity JSC (“GEC” or “the Company”), founded in 1989, is one of Vietnam’s largest private-sector independent small hydroelectric power producers. GEC owns and operates 15 existing hydro power projects (“HPPs”) totaling 84MW in installed capacity. The majority of GEC’s portfolio is small hydro power projects, ranging from 0.3MW to 16MW. It has around 278 staff.

GEC’s business model mainly consists of the development and acquisition of small HPPs, wind and solar projects. While GEC’s ownership varies from project to project, it usually assumes an active leading role in design, construction, and operation depending on the project stage.

The International Finance Corporation (IFC) – the private sector investment arm of the World Bank Group – is considering an equity investment in GEC to support renewable energy development in Vietnam.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation