Categories: NewsPower Generation

PetroVietnam Gets $141M Loan For $1.7B Power Plant Project

Vietnam Oil and Gas Group has secured an agreement with a consortium of four global banks for a $141 million syndicated loan to help finance construction of its $1.67 billion coal-fired power plant project, the state-owned energy company said Thursday.

The oil and gas company, known as PetroVietnam, said in a brief statement that it has signed an agreement for the syndicated loan with Citibank NA, the Japan Bank for International Cooperation, Bank of Tokyo-Mitsubishi UFJ and Japan’s Mizuho Financial Group.

Pimagazine Asia Admin

Recent Posts

Insuring Wind Turbines, What is the Risk?

Gallagher Re has shed light on the significant challenges insurers face when providing coverage for…

2 months ago

ARENA Start Feasibility Study in Western Australia

The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to…

2 months ago

Asia moving away from Solar?

GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific…

2 months ago

Asia’s Energy Challenge 2024

The electrical generation market is facing a number of challenges, including the need to increase…

2 months ago

Powering Progress: Nuclear Energy’s Role in Asia’s Energy Landscape

Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable…

7 months ago

Charting a Cleaner Path: Carbon Capture and Storage in Asia

The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall…

7 months ago