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PVFC and UOB successfully constructed USD40 millions short term caveat loan for PVPower-Nhon Trach II 
On July 29th, in Hochiminh City, the United Overseas Bank Limited (UOB) and PVFC successfully organized the Contract ceremony of USD40 millions short term caveat loan (equivalent to VND 760 billions) for PV Power – Nhon Trach II Project. UOB was the fund provider and PVFC (HCM Branch) leading arranger.
The Nhon Trach 2 Power Plant is designed with 750MW out put capacity, aimed to help resolve the power shortage in the national power network in the period 2006-2015 and extended to 2025 as the Governor approved (Decision No.110/2007/QĐ-TTg dated July 18th 2007). The project is being carried out exactly as planed progress, quality and security, and believed to provide the first trade power line in March 2011.
With the support from Petrovietnam, the trust of customers, co-operation of Vietnamese and foreign partner banks, and the assert of PVFC’ leaders and staffs, in the present time, PVFC has arranged more than VND 50,000 billions for projects in petroleum and other sections, helping to clear the projects’ finance matter. PVFC have been furthering constructing capital for such Petroleum power projects as: Vung Ang Thermoelectric Plant (USD 1 billion), Thai Binh 2 (USD 1 billion), Nhon Trach 2 (USD 100 million)… contributing to the cause of Vietnam power network development.
(PVFC)
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06/08/2010 04:45:25 PM | | Latest Articles: PVFC Capital has new head officePVFC Capital honorably inform to our dear customers and partners that we are now working in the new head office (from July 27th 2010). Vietinbank and PVFC successfully arranged $227 billions fund for the Chim Sao Basin – Plot 12W – VietnamOn July 21st, Vietinbank, PVFC and co-sponsoring banks together signed the sponsor agreement for the project of Chim Sao Basin-Plot 12W-floating production storage and offloading vessel. The total amount reaches to $277 billions and will last for 7 years. PVFC Thanh Hoa co-sponsored in 12/9 Petroleum Cement ProjectJuly 20th, in Vinh City, Nghe An Province, together with BIDV Nghe An, Ocean Bank Vinh (sponsoring banks), PVFC-Thanh Hoa Branch has signed the co-sponsoring contract, credit contract and mortgage contract with the 12/9 Petroleum Cement Joint Stock Company – the project owner. PVFC arranged capital for SongHau Electricity Centre ProjectOn July 18th 2010, in Hau Giang Province, Petrovietnam ran the ground breaking ceremony of the Project “Song Hau Electricity Centre – 1st Phase”. PVFC cooperated with Vietnam Resources and Environment Corporation in CDMOn July 7th 2010, in the grand opening ceremony of the Vietnam Resources and Environment Corporation (VREC), held at the National Conference Center – My Dinh – Hanoi, the Corporation signed with PVFC a memorandum of understanding of cooperation in investment, finance services and CDM projects. PVEP signed Contract for Incorporation and Administration of the Mixed company PetroMacareo S.A., Block Junin 2, VenezuelaOn July 1, 2010, in Caracas, the Bolivarian Republic of Venezuela, under the witness of H.E. Hoang Trung Hai, Deputy Prime Minister of the Socialist Republic of Vietnam, the Contract for Incorporation and Administration of the Mixed Company PetroMacareo S.A. for producing and upgrading heavy oil in Block Junin 2, Orinoco Oil Belt, the Bolivarian Republic of Venezuela, is signed by Mr. Nguyen Vu Truong Son, President & CEO of PetroVietnam Exploration Production Corporation Ltd. (PVEP) and Mr.Ruben Figuera of Corporación Venezolana del Petróleo S.A. (CVP). PVFC received the 2nd Class State Labour Medal on its 10th anniversaryIn the evening of June 18th, at the National Conference Centre (NCC), Ha Noi, PVFC was honorable to receive the 2nd Class State Labour Medal from the State President, in its 10th anniversary celebrating ceremony. |
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