Thai Binh power plant credit agreement reached
The Vietnam Oil and Gas
Group (PetroVietnam) and its Japanese partners signed an
export credit agreement worth 141 million USD to purchase equipment for
the Thai Binh 2 Thermal Power Plant Project in Hanoi on August 22.
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The credit is funded by the Japan Bank for International
Cooperation (JBIC), the Bank of Tokyo-Mitsubishi UFJ (BTMU),
Citibank and Mizuho Corporate Bank .
The money will be
allocated to buy steam turbines and other machinery, provided by the
Japan-based Sojitz Corporation .
The Thai Binh 2
power plant project, which is being built in Thai Thuy district of the
Red River Delta province of Thai Binh, demonstrates the determination of
PetroVietnam to meet rising domestic demand for electricity.
The company wants to help ensure a stable electricity supply which
serves the country’s economic development and supports the business
activities of Japanese enterprises in Vietnam.-VNA