Viet Nam News HÀ NỘI - PetroVietnam Power Corporation (PV Power) on Wednesday raised almost VNĐ7 trillion (US$311 million) for the Government by selling a 20 per cent stake at the initial public offering (IPO) held at the Hà Nội Stock Exchange.
HÀ NỘI - The PetroVietnam Power Corporation (PV Power) will offer 20 per cent of its shares in an initial public offering (IPO) on January 31.
PV Power will organize the roadshow to introduce the investment opportunity in Hanoi and in Ho Chi Minh city on January 16th, 2018 and January 19th, 2018, respectively.
HÀ NỘI — PetroVietnam Power Corporation (PV Power) will put more than 468.3 million shares of its charter capital for sale in its initial public offering (IPO) on January 31, 2018.
Deputy Prime Minister Vuong Dinh Hue has approved the equitization plan of the Parent Company - PetroVietnam Petroleum Power Corporation (PV Power) by the way to withdraw a part of state capital at the enterprise.
The establishment of PV Power marked the diversification of ownership of power supply sources for the country in the process of moving towards a transparent and competitive power market, at the same time turned power generation into one of the five main business sectors of PetroVietnam.
On May 31 2017, the leader of PetroVietnam & PVPower and partner has witnessed the signing of an MoU between PetroVietnam and General Electric (GE) at Washington DC , United State for the cooperation on the supply of equipment, development of the complex of gas turbine power plants, which shall consume natural gas extracting from the Blue Whale field.
Since the decision of establishment of PV Power in 2007, the staff of PV Power has continuously grown up and overcome the many difficulties in the past ten years.