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The new opportunities for PV Power to participate in clean energy projects (09/02/2022)

Recently, in Hanoi, PetroVietnam Power Corporation - JSC (PV Power) together with IB Global and Vietnam IDG Capital signed a memorandum of understanding (MOU) to establish a strategic cooperation relationship between PV Power and the Vietnam Clean Energy Fund after its establishment. This is a new opportunity for PV Power to participate in clean energy projects.

Vietnam IDG Capital is known as one of the most successful risky investment and influential fund in Vietnam. Based on an understanding of the domestic market and market resources, IDG supports development orientations for enterprises in Vietnam. IB Global is a consulting service company specializing in the field of clean energy.

The new opportunities for PV Power to participate in clean energy projects
The Signing Ceremony

Currently, IB Global and IDG Capital are setting up a private investment fund in Singapore called Vietnam Clean Energy Fund, aiming to mobilize a shareholder capital of $300 million and a total capital of $1 billion for the green and clean energy sector of Vietnam in the coming 3 years.

As one of the leading power generators in Vietnam, through the establishment of Renewable Energy Joint Stock Company (PV Power REC), PV Power desires to encourage and attract investment in green and clean energy in Vietnam.

It is a promise for PV Power to become an environmentally friendly power generator suitable with the Resolution of the Communist Party Politburo No 55/NQ-BCT on Orientation of the Vietnam National Energy Development to 2030 with a vision up to 2045 with a priority to develop clean energy and opening a large opportunity for the private sector to develop clean energy.

With the signed MOU, the Vietnam Clean Energy Fund will contribute to investment diversification for Vietnam Clean Energy, and open up opportunities for PV Power to participate in the clean energy project.

VietnamEnergy.vn