PV GAS ties up VinaCapital to develop Gas-Power Chain
Petrovietnam Gas Joint Stock Corporation (PV GAS) and VinaCapital on September 25 in HCM City signed a "Memorandum of Understanding on the Gas-Power Chain development".
Based on the country's electricity demand in general and the problems of the LNG Gas - Power chain in particular, VinaCapital - one of the leading financial investment groups in Viet Nam with a total management capital of nearly US$3 billion- promotes investment strategy in the energy industry, especially the LNG Gas - Power chain and renewable energy in Viet Nam. The investment is a perfectly reasonable step. The cooperation between VinaCapital and PV GAS to develop the Gas-Power chain shows the belief of the two partners in their strengths, and by combining these strengths, they will successfully develop LNG Gas-Power projects in Viet Nam.
With 17 years of investment experiences in the Vietnamese market, VinaCapital always brings the outstanding investment efficiency for domestic and international investors. Not only that, with its reputation, the ability of raising capital and financial management, VinaCapital will bring the best financial solutions for the projects on Gas - Power chain. Whereas, as the leading enterprise in the gas industry in Viet Nam and in the region with 30 years of operation, PV GAS has the outstanding experiences in the gas industry, and safe and efficient operation of gas supply chains for consumers such as Electricity, Fertilizer and industry across 3 regions of the country. For the electricity industry, PV GAS is currently supplying gas to generate 30 per cent of the country’s electricity output. Currently, PV GAS is the investor in the construction of LNG Thi Vai port Warehouse which is expected to supply gas for Nhon Trach 3 & 4 power plants since 2023, and carries out the project of Son My port warehouse to supply LNG to the Son My 1 Power Plant.
At the ceremony, the delegates witnessed PV GAS and VinaCapital to sign the Memorandum of Understanding with two representatives of Mr. Don Di Lam - Co-Founder and General Director of VinaCapital Group and Mr. Duong Manh Son - General Director of Petrovietnam Gas Joint Stock Corporation.
The "Memorandum of Understanding on the Gas - Power chain development” between PV GAS and VinaCapital has been prepared clear and thorough content and data; marking a new start in PV GAS 'development strategy in the coming time.