Vietnam's PV Power picks banks to facilitate US$1.4 billion LNG project loans

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HANOI : Vietnam's state-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a US$1.4 billion syndicated loans for two liquefied natural gas (LNG) projects, the government said on Wednesday.The funds will be used for the construction of the 1,500-megawatt (MW)

HANOI : Vietnam's state-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a US$1.4 billion syndicated loans for two liquefied natural gas projects, the government said on Wednesday.

Techcombank and Military Bank were appointed to be lead arrangers to facilitate and lead an investor group, the government said in a statement.

 

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