WTI Crude •11 mins	40.28	-0.83	-2.02%
Brent Crude •10 mins	42.30	-0.85	-1.97%
Natural Gas •10 mins	2.007	-0.041	-2.00%
Mars US •14 hours	41.41	-0.31	-0.74%
Opec Basket •4 days	42.07	+0.78	+1.89%
Urals •3 days	41.75	+1.75	+4.38%
Louisiana Light •4 days	42.54	+0.87	+2.09%

	Louisiana Light • 4 days	42.54	+0.87	+2.09%
	Bonny Light • 3 days	42.60	+0.12	+0.28%
	Mexican Basket • 4 days	38.76	+1.45	+3.89%
	Natural Gas • 10 mins	2.007	-0.041	-2.00%
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Marine •3 days	42.89	+1.20	+2.88%
Murban •3 days	43.31	+1.30	+3.09%
Iran Heavy •3 days	41.05	-0.14	-0.34%
Basra Light •3 days	44.86	-0.33	-0.73%
Saharan Blend •3 days	42.20	-0.27	-0.64%
Bonny Light •3 days	42.60	+0.12	+0.28%

	Bonny Light • 3 days	42.60	+0.12	+0.28%
	Girassol • 3 days	43.40	+0.14	+0.32%
	Opec Basket • 4 days	42.07	+0.78	+1.89%
OPEC Members Monthly
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Canadian Crude Index •3 days	29.22	+0.00	+0.00%
Western Canadian Select •6 hours	33.07	-0.65	-1.93%
Canadian Condensate •6 hours	40.32	+0.10	+0.25%
Premium Synthetic •6 hours	41.72	+0.10	+0.24%
Sweet Crude •6 hours	38.07	+0.10	+0.26%
Peace Sour •6 hours	37.02	+0.10	+0.27%

	Peace Sour • 6 hours	37.02	+0.10	+0.27%
	Light Sour Blend • 6 hours	37.82	+0.10	+0.27%
	Syncrude Sweet Premium • 6 hours	39.57	+0.10	+0.25%
	Central Alberta • 6 hours	36.97	+0.10	+0.27%
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Louisiana Light •4 days	42.54	+0.87	+2.09%
Domestic Swt. @ Cushing •3 days	37.50	+0.00	+0.00%
Giddings •3 days	31.25	+0.00	+0.00%
ANS West Coast •5 days	41.11	+1.68	+4.26%
West Texas Sour •3 days	35.06	+0.14	+0.40%
Eagle Ford •3 days	39.01	+0.14	+0.36%

	Eagle Ford • 3 days	39.01	+0.14	+0.36%
	Oklahoma Sweet • 3 days	37.50	+0.00	+0.00%
	Kansas Common • 4 days	31.25	+0.75	+2.46%
	Buena Vista • 4 days	45.71	+0.81	+1.80%
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Joao Peixe

Joao is a writer for Oilprice.com

More Info

Vietnam receives $95 million loan to build Vung Ang power plant

By Joao Peixe - Aug 14, 2011, 10:09 AM CDT

The Japanese Bank for International Corporation and the Sumitomo Mitsui Banking Cooperation are providing a $95 million loan Vietnam National Oil and Gas Group (PetroVietnam) to build the Vung Ang Thermal Power Plant No. 1 in Ha Tinh province under a credit contract signed on 11 August.
Â
The Vung Ang Thermal Power Plant No. 1, to be built in Ky Loi commune of Ky Anh district, will have a power generating capacity of 1,200 megawatts and projected to come online between July 2012 and January 2013, VietnamPlus news agency reported. When fully operational, the Vung Ang Thermal Power Plant No. 1 will generate 6.64 billion kilowatt hours annually for the national grid, helping ease the countryâ€™s chronic power shortages.

Our months ago a consortium of five foreign banks agreed to provide a $904 million loan towards helping Vietnam upgrade its electrical power generating capacity. The consortium members include HSBC, the China Development Bank, the Bank of Tokyo-Mitsubishi UFJ, Credit Suisse and Italy's Intesa SanPaolo.
Â
Japan and Vietnam have agreed that Japan will continue to support nuclear energy expansion in Vietnam by building two nuclear power plants. The two countries agreed in October 2010 that Japan would build two reactors by 2021 and Vietnam plans to build 14 nuclear power plants by 2030 to meet the nationâ€™s rapidly growing demand for electricity.

By. Joao Peixe, Deputy Editor OilPrice.com

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