Petrovietnam Power Corporation (PV Power) has secured a USD521.5 million loan from Citi, ING Germany, Korea Trade Insurance Corporation (K-Sure), and Swiss Export Risk Insurance (SERV) to complete the first liquefied natural gas (LNG) to electricity plants in Vietnam.
The Nhon Trach 3 and 4 power plants, located in Dong Nai province, will add 1,624 MW of capacity to the electricity grid of Vietnam. These projects will help in meeting the country’s increasing power demand and are expected to set the stage for future LNG developments in Vietnam.