HÀ NỘI - The PetroVietnam Power Corporation (PV Power) will offer 20 per cent of its shares in an initial public offering (IPO) on January 31.
Announcement of invitation to the strategic investor selection of Petrovietnam power corporation (PV Power)
PV Power will organize the roadshow to introduce the investment opportunity in Hanoi and in Ho Chi Minh city on January 16th, 2018 and January 19th, 2018, respectively.
HÀ NỘI — PetroVietnam Power Corporation (PV Power) will put more than 468.3 million shares of its charter capital for sale in its initial public offering (IPO) on January 31, 2018.
Deputy Prime Minister Vuong Dinh Hue has approved the equitization plan of the Parent Company - PetroVietnam Petroleum Power Corporation (PV Power) by the way to withdraw a part of state capital at the enterprise.
On 12 October 2017, at the Government’s headquarters, Prime Minister Nguyen Xuan Phuc worked with key leaders of the Vietnam Oil and Gas Group to evaluate the results of implementation of the production and business plan in 2017 and the deployment of key oil and gas projects.
Vnesheconombank, International Investment Bank, and PetroVietnam have entered into a tripartite memorandum determining the cooperation framework of financing the construction of Long Phu 1 power plant in Vietnam, according to International Investment Bank’s press release dated September 8.
The establishment of PV Power marked the diversification of ownership of power supply sources for the country in the process of moving towards a transparent and competitive power market, at the same time turned power generation into one of the five main business sectors of PetroVietnam.