PVPower is seeking capital for Nhon Trach 3 and 4 projects, researching and developing LNG port warehouses

Two new power plant projects have so far completed the feasibility study report. With a total investment of up to US $ 1.4 billion, the corporation is also urgently arranging capital for the project. In addition to loans, investors from Thailand also offered to invest in these two projects through a memorandum of understanding in November 2019.

PetroVietnam Power Corporation (PVPower, code POW) updates the status of Nhon Trach 3 & 4 power plant project – the first chain of power plants using imported LNG fuel for electricity production in Vietnam with a total capacity of 1,500 MW. Accordingly, the consultant for the project is Power Engineering Consulting Joint Stock Company 2 (PECC2) who has completed the feasibility study report (FS) and sent it to PV Power for the first edition.

In the coming time, PV Power will send a written request to competent agencies for approval of specialized reports, send to the Ministry of Industry and Trade to appraise the basic design, and send a document to Vietnam Electricity Corporation (EVN). ) on the connection plan agreement. PV Power also held a meeting with the Electricity Trading Company (EVN EPTC) and the Vietnam Gas Corporation (PV Gas) to negotiate the contents of the Power and Gas Purchase Agreement for the project.

Trước hai Dự án nhiệt điện, PV Power đã là chủ đầu tư Nhơn Trạch 1&2
Before two thermal power projects, PV Power was the investor of Nhon Trach 1 & 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regarding the funding for the project, PV Power said it is continuing to work with credit institutions and banks in arranging capital. Previously, the corporation signed a Memorandum of Understanding on investment cooperation between B. Grimm Power Energy Company of B. Grimm Group (Thailand) and PVPower on joint investment research in warehouse projects, LNG port, gas power plants in Ca Mau and Kien Giang provinces and exchanged experience on operation, maintenance and repair of power plants in early November 2019.

On January 14, during the first meeting after signing the memorandum, PV Power made a preliminary presentation on development orientation, with special emphasis on gas-fired power plant projects. This LNG.

As planned, Nhon Trach 3 & 4 Thermal Power Plant will be put into operation in the period of 2022-2023. Nhon Trach 3 & 4 Thermal Power Plant has total investment of respectively 703.3 million USD and 704.9 million USD, respectively, this capital source is expected to include 30% of equity, the remaining PV Power is will raise from the loan.

By the end of the third quarter, PVPower’s asset size reached more than VND 60,000 billion, of which most of the Corporation’s assets were located in fixed assets. The balance of cash and bank deposits is approximately VND 6,700 billion. PVPower has so far not used too much debt leverage with the debt ratio until September 30 only about 51%. In particular, bank loans alone are nearly 20,000 billion.

The specialized departments of PV Power also made initial proposals on investment cooperation as well as the feasibility of LNG warehouse and port projects. Currently, PV GAS is also the investor of LNG Thi Vai port warehouse project. This is considered an important project to contribute to the shortage of domestic gas supply after 2020, meeting the needs of consumers.

According to the preliminary update, the electricity output of the Corporation for the whole year reached 22.54 billion kWh, exceeding 4% of the plan, the whole year revenue was estimated at 35,884 billion VND, also exceeding 10% of the plan. Parent company revenue is about 25,036 billion dong. Profit before tax of the Corporation for the whole year is estimated at VND 3,121 billion, exceeding 25% of the plan. Meanwhile, for the parent company alone, profit before tax in 2019 is estimated at VND 2,195 billion, exceeding 5% of the plan.

PVPower is seeking capital for Nhon Trach 3 and 4 projects, researching and developing LNG port warehouses

Two new power plant projects have so far completed the feasibility study report. In addition to loans, a number of foreign investors have also expressed their intention to invest in these two projects in the last months of 2019.

PetroVietnam Power Corporation (PVPower, code POW) updates the status of Nhon Trach 3 & 4 power plant project – the first chain of power plants using imported LNG fuel for electricity production in Vietnam with a total capacity of 1,500 MW. Accordingly, the consultant for the project is Power Engineering Consulting Joint Stock Company 2 (PECC2) who has completed the feasibility study report (FS) and sent it to PV Power for the first edition.

In the coming time, PV Power will send a written request to competent agencies for approval of specialized reports, send to the Ministry of Industry and Trade to appraise the basic design, and send a document to Vietnam Electricity Corporation (EVN). ) on the connection plan agreement. PV Power also held a meeting with the Electricity Trading Company (EVN EPTC) and the Vietnam Gas Corporation (PV Gas) to negotiate the contents of the Power and Gas Purchase Agreement for the project.

Regarding the funding for the project, PV Power said it is continuing to work with credit institutions and banks in arranging capital. Previously, the corporation also signed a Memorandum of Understanding on investment cooperation between B. Grimm Power Energy Company of B. Grimm Group (Thailand) and PVPower on joint investment research in warehouse projects. , LNG port, gas power plants in Ca Mau and Kien Giang provinces and exchanged experience on operation, maintenance and repair of power plants in early November 2019.

On January 14, during the first meeting after signing the memorandum, PV Power made a preliminary presentation on development orientation, with special emphasis on gas-fired power plant projects. This LNG. The specialized departments of PV Power also made initial proposals on investment cooperation as well as the feasibility of LNG warehouse and port projects.

Currently, PV GAS is also the investor of LNG Thi Vai port warehouse project. This is considered an important project to contribute to the shortage of domestic gas supply after 2020, meeting the needs of consumers.

By the end of the third quarter, PVPower’s asset size reached more than VND 60,000 billion, of which most of the Corporation’s assets were located in fixed assets. The balance of cash and bank deposits is approximately VND 6,700 billion. PVPower has so far not used too much debt leverage with the debt ratio until September 30 only about 51%. In particular, bank loans alone are nearly 20,000 billion.

According to the preliminary update, the electricity output of the Corporation for the whole year reached 22.54 billion kWh, exceeding 4% of the plan, the whole year revenue was estimated at 35,884 billion VND, also exceeding 10% of the plan. Parent company revenue is about 25,036 billion dong.

Profit before tax of the Corporation for the whole year is estimated at VND 3,121 billion, exceeding 25% of the plan. Meanwhile, for the parent company alone, profit before tax in 2019 is estimated at VND 2,195 billion, exceeding 5% of the plan.

PVPower is seeking capital for Nhon Trach 3 and 4 projects, researching and developing LNG port warehouses

Two new power plant projects have so far completed the feasibility study report. In addition to loans, a number of foreign investors have also expressed their intention to invest in these two projects in the last months of 2019.

PetroVietnam Power Corporation (PVPower, code POW) updates the status of Nhon Trach 3 & 4 power plant project – the first chain of power plants using imported LNG fuel for electricity production in Vietnam with a total capacity of 1,500 MW. Accordingly, the consultant for the project is Power Engineering Consulting Joint Stock Company 2 (PECC2) who has completed the feasibility study report (FS) and sent it to PV Power for the first edition.

In the coming time, PV Power will send a written request to competent agencies for approval of specialized reports, send to the Ministry of Industry and Trade to appraise the basic design, and send a document to Vietnam Electricity Corporation (EVN). ) on the connection plan agreement. PV Power also held a meeting with the Electricity Trading Company (EVN EPTC) and the Vietnam Gas Corporation (PV Gas) to negotiate the contents of the Power and Gas Purchase Agreement for the project.

Regarding the funding for the project, PV Power said it is continuing to work with credit institutions and banks in arranging capital. Previously, the corporation also signed a Memorandum of Understanding on investment cooperation between B. Grimm Power Energy Company of B. Grimm Group (Thailand) and PVPower on joint investment research in warehouse projects. , LNG port, gas power plants in Ca Mau and Kien Giang provinces and exchanged experience on operation, maintenance and repair of power plants in early November 2019.

On January 14, during the first meeting after signing the memorandum, PV Power made a preliminary presentation on development orientation, with special emphasis on gas-fired power plant projects. This LNG. The specialized departments of PV Power also made initial proposals on investment cooperation as well as the feasibility of LNG warehouse and port projects.

Currently, PV GAS is also the investor of LNG Thi Vai port warehouse project. This is considered an important project to contribute to the shortage of domestic gas supply after 2020, meeting the needs of consumers.

By the end of the third quarter, PVPower’s asset size reached more than VND 60,000 billion, of which most of the Corporation’s assets were located in fixed assets. The balance of cash and bank deposits is approximately VND 6,700 billion. PVPower has so far not used too much debt leverage with the debt ratio until September 30 only about 51%. In particular, bank loans alone are nearly 20,000 billion.

According to the preliminary update, the electricity output of the Corporation for the whole year reached 22.54 billion kWh, exceeding 4% of the plan, the whole year revenue was estimated at 35,884 billion VND, also exceeding 10% of the plan. Parent company revenue is about 25,036 billion dong.

Profit before tax of the Corporation for the whole year is estimated at VND 3,121 billion, exceeding 25% of the plan. Meanwhile, for the parent company alone, profit before tax in 2019 is estimated at VND 2,195 billion, exceeding 5% of the plan.

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