Monday, June 18, 2007

EVN and PetroVietnam join forces

PetroVietnam and fellow State-owned conglomerate Electricity of Viet Nam signed an agreement on investment in electricity projects.

Under the contract, PetroVietnam and EVN will invest in power plants in the province of Dong Nai, Vinh Tan, and in Laos and Cambodia.

The corporations will also invest in a five-star restaurant, commercial centre and 80-storey tower in My Dinh along with a host of other domestic projects.

They also plan to work together on power and oil projects in Venezuela and Cuba, said deputy general director of EVN Vu Quang Nam.

Source: VNS

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