Citibank Vietnam last Friday announced to complete the arrangement of a $470 million credit for PetroVietnam Nhon Trach 2 power plant project with the support of foreign export credit agencies.
The Export and Agency Finance Division, part of Citibank’s Global Transaction Services, located in Frankfurt, Hong Kong, Tokyo and Singapore, is the sole mandated lead arranger. [...]
Vietnam currently has 15 power projects with ASEAN countries, said the Ministry of Industry and Trade.
Of the projects, four have gone into operation, three are under construction and eight are in the making with feasibility studies already underway.
The ministry said the operating plants have ensured the stable electricity supply of the regional power system and [...]
Thailand-based Rayong Purifier Public Co. Ltd (RPC) on Wednesday signed a memorandum of understanding (MOU) to carry out feasibility study on building a petrochemical plant and a thermoelectric plant in Binh Dinh Province.
Viravat Cholvanich, chair of the Thai firm, and Nguyen Van Thien, chair of the central coast province, signed the MOU in the province’s [...]
PetroVietnam is rising as a heavyweight investor in electricity production with a string of projects in hand.
What will the state-owned oil and gas group do to ensure its projects do not fall into trouble like many other power projects in Vietnam? Nguyen Quoc Khanh, PetroVietnam’s deputy general director shares his thoughts with VIR.
Many power plant [...]
Southeast Asia, China, Japan and South Korea will step up cooperation in areas such energy-security, oil stockpiling, natural gas, renewable energy and conservation, regional statements said on Friday.
The 10-state Association of South East Asian Nation and China, Japan, South Korea and New Zealand will jointly “monitor the price-hike effect of the recent recovery in energy [...]
A US$470 million financing facility backed by Germany’s Export Credit Agency and Japan’s Nippon Export and Investment Insurance has been arranged for the 750MW PetroVietnam Nhon Trach 2 Combined Cycle Power Plant project in Dong Nai Province, Citi Viet Nam announced yesterday.
The package represents the largest deal in Viet Nam yet backed by the Export [...]
The Viet Nam Atomic Energy Commission yesterday signed a memorandum of understanding (MOU) with China’s Guangdong Nuclear Power Group to boost co-operation on nuclear power projects between the two countries.
The deal is a conrete step to implement the two sides’ co-operative agreement on applying atomic energy for peaceful purposes signed in December, 2000.
Under the MOU, [...]
Electricity of Viet Nam (EVN) has been told to prepare information technology infrastructure suitable for the introduction of a competitive power generation market in Viet Nam.
A recent seminar in Ha Noi discussed the design, piloting and assessment of new IT infrastructure, due to be completed early next year. The total cost for the IT infrastructure [...]
The Vietnamese Ministry of Construction has urged Hoang Anh Gia Lai Joint Stock Company (HAG) to submit to prime minister for approval its plans to build two hydropower plants with a total investment of VND1.9 trillion (US$100 million) in Laos.
HAG plans to build the Nam Cong 2 and Nam Cong 3 plants with a combined [...]
Electricity of Viet Nam (EVN) has been told to prepare information technology infrastructure suitable for the introduction of a competitive power generation market in Viet Nam.
A recent seminar in Ha Noi discussed the design, piloting and assessment of new IT infrastructure, due to be completed early next year. The total cost for the IT infrastructure [...]
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