PetroVietnam Power Joint Stock Corporation (PV Power) has just signed a 600 billion VND credit contract with Sumitomo Mitsui Banking Corporatinon (SMBC).
Speaking at the signing ceremony, Mr. Ho Cong Ky – Chairman of PV Power’s Board of Directors said that, along with electricity production and trading activities, PV Power’s financial activities always is one of the important activity.
The Corporation’s projects are attractive to domestic and international credit organizations. “beside to the projects have long-term funding, PV Power is always actively seeking competitive short-term funds in the market to ensure solvency”, Mr. Ky emphasized.
The representative of SMBC, Mr. Seiji Kato expressed that, the signing ceremony of the VND 600 billion credit contract is the first step to open a long-term cooperation between of two sides.