Foreign banks to arrange funds for LNG-fired power plants

PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
TIN LIÊN QUAN
foreign banks to arrange funds for lng fired power plants Foreign Minister Pham Binh Minh presents appointment decision to new Deputy Foreign Minister
foreign banks to arrange funds for lng fired power plants Vietnamese banks target more overseas markets

Equipped with the mixed-flow gas turbine technology, the two thermal power plants will be the first in Vietnam using imported liquefied natural gas (LNG).

foreign banks to arrange funds for lng fired power plants
Inside the 750-MW Nhon Trach 2 thermal power plant invested by PetroVietnam Power Corporation. (Photo: tapchicongthuong.vn)

They have a combined capacity of 1,500 megawatts and are being built at Ong Ke Industrial Park, Dong Nai’s Nhon Trach district. The plants are projected to help tackle power shortage in the southern region.

PV Power is making every effort to start the work on the power plant chain in early 2021.

PetroVietnam’s Nhon Trach 2 plant began commercial operation in 2011 with the capacity of 750 MW and productivity of 5.5 billion kWh per year. The 450KW Nhon Trach 1 plant, which began operation in 2008, generates 2.5 billion kWh per year.

foreign banks to arrange funds for lng fired power plants Four Vietnamese banks enter top 500 valuable bank brands

Four Vietnamese banks were named on the list of the top 500 most valuable banks in the world by the UK-based Brand Finance, a leading ...

foreign banks to arrange funds for lng fired power plants PM lauds bank’s contributions to poverty reduction

Prime Minister Nguyen Xuan Phuc has applauded significant contributions of the Vietnam Bank for Social Policies (VBSP) to the country’s poverty reduction and socio-economic development ...

foreign banks to arrange funds for lng fired power plants Moody’s: VN’s economic growth to support banks' operating environment

Moody’s Investors Service has changed its 12-18 month outlook on the banking system in Vietnam (Ba3 stable) to stable from positive.

(Source: VNA)