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PVFC arranged capital for SongHau Electricity Centre Project On July 18th 2010, in Hau Giang Province, Petrovietnam ran the ground breaking ceremony of the Project “Song Hau Electricity Centre – 1st Phase”.
The Electricity Centre locates on the Hau River side, 12km down-river away from Can Tho City, has the capacity of 5200MW- the highest capacity at present time in Vietnam. The Song Hau 1 Electricity Plant, subjected to the Centre, is invested by Petrovietnam with the total $1.5 billions.
The project has these main works: surface clearance and provisional fence building for the 1st phase; port building; power and water system; office for the working team and management board. Total investment amount for the 1st phase is over VND2,101 billions.
The Song Hau 1, as planned, will be completed and operated the 1st electricity engine block in the end of 2015, together with Ca Mau Power Plant, Nhon Trach Power Plant (already had provided power). So, total output of Petrovietnam’ electricity plants will count for 25->30% of the whole national electricity output.
At the ceremony, PVFC, being the main fund arranger for Petrovietnam’ key projects, has signed the fund arrangement and advisory service contract with the LongPhu-SongHau Petroleum Electricity Management Division.
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29/07/2010 02:43:42 PM | | Latest Articles: 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. PVFC approved ISO 9001:2008 by SGSOn June 10, 2010, at the PVFC’ Hochiminh Branch Office, PVFC was honored to receive ISO 9001:2008 from SGS. The “Get early luck – Get TOYTA Vios” special prize has found its ownerIn the morning of June 8th 2010, at the Hanoi Youth Sport & Culture Palace, PVFC together with the Capital Construction Lottery Company organized the Wheel spinning program for the special prize of “Get early luck – get Toyota Vios” individual fund mobilization promotion campaign – ran by PVFC from March 1st to May 29th 2010. 2 lucky customers getting PVFC’ Tour to Singapore Prizes in the same dayOn May 26th 2010, Mr. Vu Thanh Tung – a LIFE-GAP Officer (add: No.4A Lang Ha St., Ba Dinh Dist, Hanoi) and Mr. Su Quang Thai (add: No. 24A Gia Long, Zone 1, Tra On, Vinh Long Province) won the prize “Tour to Singapore” (worth VND10 millions) when they joined PVFC’ individual’s fund mobilization promotion campaign “Get early luck-Get TOYOTA Vios” that carried out in the whole system of PVFC. PVFC provided a new US$ 60M credit line for BSR
By May 2010, PVFC has officially provided a credit line up to US$ 60M for BRS with purpose of working capital funding for Binh Son Refinery 1 partner Limited Company BSR. |
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