Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
PetroVietnam Power (PV Power) has reached agreement for a $300 million short-term loan from the U.S.’s Citibank and the Netherlands-based bank ING for developing Vietnam’s first LNG power plants.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Gas, PV Power join hands to build LNG port, power plant
PV Gas and PV Power, subsidiaries of state-run energy giant Petrovietnam, have discussed joining hands to build a liquefied natural gas (LNG) port and LNG-fired power plant in central Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan, Korea, Thailand firms compete for $2.4 bln LNG power project
Companies from Japan, South Korea, Thailand, and Vietnam have filed bids to build the $2.4 billion Nghi Son LNG-fired power complex in the central province of Thanh Hoa.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fitch upgrades ratings of Petrovietnam, Vietnam Electricty, subsidiaries to ‘BB+’
Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of state-owned oil-gas group Petrovietnam, state utility Vietnam Electricity (EVN), and subsidiaries of the two power giants to “BB+” with a “Stable” outlook.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s first LNG power plants on track for commercial runs
The under-construction Nhon Trach 3 and Nhon Trach, the first LNG-to-power plants in Vietnam, are set to begin commercial operations on November 15, 2024 and May 15, 2025, respectively.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietcombank to provide $166 mln credit for PV Power projects
“Big 4” lender Vietcombank and Petrovietnam Power (PV Power) have signed a VND4 trillion ($165.6 million) credit agreement for partial funding of two LNG-to-power plants in southern Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam receives first LNG cargo, prepares terminal test run
Vietnam's first cargo of liquefied natural gas (LNG) was pumped into the Thi Vai LNG Terminal Monday, marking a milestone in the country’s clean energy transition.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
First northern Vietnam LNG power plant eyes 2027 opening
The $1.9 billion, 1,500 MW LNG Quang Ninh power plant, the first such facility in northern Vietnam, is expected to begin operations in the third quarter of 2027.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, South Korea corporations expand energy cooperation
Petrovietnam, the state-owned group's arm PV Power, and private conglomerate T&T Group have signed agreements with South Korean partners that significantly enhance bilateral energy cooperation.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Gas to receive first LNG carrier for power generation
Petrovietnam Gas (PV Gas) will receive next month its first LNG carrier at the LNG Thi Vai terminal in Ba Ria-Vung Tau province for trial power generation of power plants in the southeastern region.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fitch assigns PV Power “BB” rating, 'positive outlook'
Fitch Ratings has assigned PV Power, a subsidiary of state-run Petrovietnam, a long-term foreign-currency issuer default rating (IDR) of 'BB' with a “positive outlook.”
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Power predicts 56% profit drop in 2023
Petrovietnam subsidiary PV Power is targeting an after-tax profit of VND1.12 trillion ($47.64 million) in 2023, down 56% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vung Ang II thermal power plant set to enter operation in 2025
The Vung Ang II thermal power plant is set to begin commercial operation of its first turbine in July 2025 and then its second in November 2025, its investor said.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Power reaps $88 mln profit in 2022
Petrovietnam subsidiary PV Power posted pre-tax profit of VND2,071 billion ($88.3 million) in 2022, exceeding its plan by 140%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan-Vietnam consortium registers to build 1.5-GW LNG power plant
A consortium between Tokyo Gas and Marubeni Corp. of Japan and two Vietnamese firms has received a business registration certificate from Quang Ninh’s administration for its 1.5-gigawatt LNG-to-power in the northern province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-Japan consortium to build $2 bln LNG power plant
Petrovietnam subsidiary PV Power has agreed on a 30% capital contribution to a consortium that will build a $2 billion LNG-to-power complex in Quang Ninh province, northern Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Power scores $64 mln Vietcombank credit pact for LNG-to-power project
Vietcombank, one of Vietnam’s “Big-4” lenders, has signed a credit contract to provide Petrovietnam’s electricity arm PV Power with VND1,500 billion ($64 million) for the development of two major LNG-to-power plants in southern Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
American firms gear up for Vietnam energy projects
Big U.S-backed energy projects are gathering pace in Vietnam, an energy-thirsty economy eyeing a net-zero goal by 2050.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Investment opportunities in LNG-to-power projects in Vietnam
In recent years, there has been much talk about liquefied natural gas (LNG) as a new new fuel for power production. How big is the opportunity?
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Power to construct LNG plants in southern Vietnam
PV Power, a subsidiary of Petrovietnam, plans to start construction of Nhon Trach 3 and 4 liquefied natural gas (LNG)-fired power plants in Dong Nai province on April 30.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vung Ang 1 thermal power plant to run out of coal
The Vung Ang 1 coal-fired power plant in central Vietnam has used up most of its stocked coal while insufficient supply continues, putting its operation at risk.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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