PetroVietnam Gets $141M Loan For $1.7B Power Plant Project

Vietnam Oil and Gas Group has secured an agreement with a consortium of four global banks for a $141 million syndicated loan to help finance construction of its $1.67 billion coal-fired power plant project, the state-owned energy company said Thursday.

The oil and gas company, known as PetroVietnam, said in a brief statement that it has signed an agreement for the syndicated loan with Citibank NA, the Japan Bank for International Cooperation, Bank of Tokyo-Mitsubishi UFJ and Japan’s Mizuho Financial Group.