At the meeting with PetroVietnam Power Corporation (PV Power) and Tin Nghia Corporation on cleaning the plan ground for Nhon Trach 3 and 4 power projects, Chairman of Dong Nai Provincial People's Committee (PPC) agreed to let PV Power sign a lease directly with the government agency.
The Chairman of Ca Mau Provincial People's Committee (PPC) has just requested the PetroVietnam Power Corporation (PV Power) as an investor to urgently complete the necessary documents and procedures for Ca Mau PPC as soon as possible to submit to the Ministry of Industry and Trade (MOIT) for considering and additionally approving Ca Mau 3 combined cycle gas turbine (CCGT) project using liquefied natural gas (LNG) in Khanh An Industrial Park, U Minh district into the National Power Development Planning.
In Hanoi, PetroVietnam Power Corporation - Joint Stock Company (PV Power) and HSBC Vietnam have signed the short-term credit contract with a value 1,400 billion VND.
PetroVietnam Power Corporation (PV Power) has supplied 200 billion kWh to the national grid since it started operations 13 years ago, confirming its position as the top power supplier in the country.
At the Conference of the Prime Minister with the Businesses on May 9, 2020 in Hanoi, Mr. Vu Tu Thanh - Deputy Director of the US-ASEAN Business Council informed that the USA has founded an International Financial Development Agency (DFC) with a fund of over $100 billion and more increasing for supporting the partners of the US businesses. It is a very good opportunity for Vietnam energy businesses to borrow capital to import LNG and energy equipment from USA for developing Combined Cycle Gas Turbine (CCGT) LNG fired plants.
On 24th June 2019 at PVN headquarters, the signing ceremony of “Contract for design, procurement of equipment and materials, construction and trial operation of Thi Vai LNG storage project” between PVGAS and Samsung C&T/PTSC General Contractor and “Frame Contract for LNG supply and consumption for Nhon Trach 3 & 4 Power Plant project” between PV GAS and PV Power took place