Funding contract worth $60m signed for ethanol plant project
06/09/2010 09:00 am
News - The Orient Bio-Fuel Co Ltd (OBF), the member
company of PetroVietnam Oil Corp (PVOil) officially signed the funding contract
yesterday August 25 in HCM City in order to provide capital for the Binh Phuoc
ethanol plant.
In details, OBF signed the contracts with Agribank,
Bao Viet, Vinasiam, Malayan, Indovina, Tien Phong and PetroVietnam Joint Stock
Financial Corp for total funding worth $60 million in building the ethanol
plant.
As known, the Binh Phuoc ethanol plant has total
investment capital of $88.9 million, with total construction period of 21
months. The new plant has total designed capacity of 100 million litres of
ethanol per year, and commercial operation is slated to start from April 2012.
Source: TBKTVN
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