Giang Nguyen
Giang Nguyen
Speaker
Vice President/CFO

Petrovietnam Power Corporation (PVPower)

Vietnam

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Breakout day 1

Case study session: Spotlight on Petrovietnam Power's ECA covered financing for a LNG power plant

Lars Ponterlitschek
CIO,
SERV - Swiss Export Risk Insurance
Marco Appolloni
Senior Vice President Financial Services,
GE Vernova
Giang Nguyen
Vice President/CFO,
Petrovietnam Power Corporation (PVPower)
Moderator
Lukas Strauch
Director, Structured Export Finance,
ING Bank

In this session, we will highlight PetroVietnam Power's $521.5 million 12-year ECA-backed financing for Vietnam's first LNG to electricity plant. Backed by both SERV and KSURE based on supplies from General Electric and Samsung C&T, this standout deal syndicated among seven banks is crucial to ensure Vietnam's energy security whilst moving away from coal and allowing for renewables to be added to the grid. This session will look at: 

- What makes this financing unique?

- What obstacles were overcome in the structuring of this deal? 

- What is the significance of this deal in the diversification of energy in Vietnam?