Monday, 07/10/2024 | 16:02

PV Power and SIC promote investment co-operation

PetroVietnam Power Corporation (PV Power) has signed a memorandum of understanding (MoU) on investment co-operation with SCIC Investment Company Limited (SIC).

PV Power and SIC promote investment co-operation

PV Power and SIC promote investment co-operation

Photo: Nguyen Duy Giang, deputy general director of PV Power, and Nguyen Thuy Linh, director of SIC, sign the MoU.

Present at the signing ceremony held on October 2 in Hanoi was Pham Tuan Anh, a member of the Board of Members of Vietnam Oil and Gas Group (PVN), along with representatives of the Group's professional departments.

Present on behalf of PV Power was Hoang Van Quang, chairman of the Board of Directors; Nguyen Duy Giang, deputy general director; and Truong Viet Phuong, deputy general director; along with members from the group’s professional departments.

On the side of the State Capital Investment Corporation (SCIC) was Nguyen Chi Thanh, chairman of the Board of Members; Dinh Viet Tung, deputy general director and chairman of the Board of Members of SIC; Nguyen Thuy Linh, director of SIC; and representatives of functional departments of SCIC and SIC.

Photo: Hoang Van Quang, chairman of the Board of Directors of PV Power, delivers a speech at the event.

Speaking at the ceremony, Quang expressed his satisfaction that the two parties could start the process of co-operation. He said there was still more to be done. In order to fully actualise their co-operation, PV Power and SIC will need to put in a lot of work, therefore they need guidance and assistance from SCIC and PVN.

Photo: Dinh Viet Tung, deputy general director of SCIC, at the ceremony.

Sharing the same view, Mr Tung pledged to make efforts with PV Power to promote the co-operation process. Specifically, he said that the technological expertise of PV Power and the financial potential of SIC will make a perfect match and complement one another in the future.

Photo: Nguyen Chi Thanh, chairman of the Board of Members of SCIC, at the signing ceremony.

Mr Thanh sincerely appreciated the Vietnam Oil and Gas Group for making it possible for SCIC, SIC, and PV Power to attend today's signing ceremony. To get the best outcomes at the earliest possible time, Mr Thanh proposed that the investment research be carried out by the two units as soon as the MoU is signed.

Photo: Pham Tuan Anh, member of the Board of Members of Vietnam Oil and Gas Group (PVN), speaks at the event.

The event saw Mr Anh outline that, thanks to the close oversight and attention of the Vietnam Oil and Gas Group, which acted as a bridge, the communication process between PV Power and SIC had progressed greatly and had eventually led to the signing of the MoU on investment co-operation. He also conveyed his optimism that PV Power and SIC would soon have the chance to collaborate on future investment projects based on optimising the inherent potential.

The signing of MoU between PV Power and SIC will serve to facilitate information sharing on investment opportunities whilst allowing both parties to investigate and explore project investment opportunities in order to proceed toward investment partnership. Each party can therefore propose to agree on a specific investment project and an investment collaboration technique to achieve the best efficiency, based on the financial status, capacity, conditions, and other connected aspects of each project and investment opportunity.

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