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The gas-fired turbine of Nhon Trach Energy Plant No. 2, a member of PV Energy. (Photograph: VNA)Hanoi (VNA) – Credit score scores company Fitch Scores has assigned
the PetroVietnam Energy Company (PV Energy) a Lengthy-Time period Overseas-Foreign money
Issuer Default Ranking (IDR) of “BB” with a optimistic outlook for the second
consecutive 12 months.
The score is on par with that of main teams such because the Vietnam Nationwide Oil
and Fuel Group (PetroVietnam) and Vietnam Electrical energy (EVN).
PV Energy is the primary Vietnamese energy producer and the primary unit of
PetroVietnam to be assigned a global credit standing.
In accordance with the company, PV Energy’s Standalone Credit score Profile (SCP) is pushed
by its robust market place because the second-largest electrical energy producer in
Vietnam, accounting for round 7 % of the nation’s complete electrical energy
output and 6 % of put in capability in 2021.
It additionally advantages from diversified gas sources, long-term power-purchase
agreements (PPAs) with EVN, for greater than 80 % of its electrical energy output
and a robust monetary profile, it mentioned.
Nguyen Duy Giang, deputy basic director of PV Energy, mentioned that with this
score from Fitch, it’s anticipated that PV Energy may have higher capability to
elevate capital within the worldwide market.
It additionally serves as the inspiration for PV Energy to method the worldwide
setting, actively take part in investing in massive power tasks and
work with PetroVietnam to hold out the power transition in keeping with the
authorities dedication to net-zero emissions by 2050.
Within the coming time, the company will deal with enhancing governance
capability, particularly monetary administration to optimise indicators and enhance
operational effectivity, he mentioned.
PV Energy will consider and spend money on efficient tasks, particularly Nhon Trach 3 and 4 Energy Plant tasks, Quang Ninh liquefied pure
fuel (LNG) Energy Plant challenge in addition to different renewable power tasks.
In accordance with the consolidated monetary statements of the primary quarter of this
12 months, PV Energy recorded a income of seven trillion VND (301 million USD), down 8
% over the identical interval final 12 months. Its pre-tax revenue stood at 880 billion
VND within the interval, a year-on-year enhance of 30 %./.
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