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The Government Office has consulted ministries and sectors on Vietnam National Oil and Gas Group (PVN) to transfer Nhon Trach 3 & 4 thermal power projects to PetroVietnam Power Corporation (PV Power) for investment.

On November 2, 2016 in Hanoi, the Vietnam Oil and Gas Group (VN) in collaboration with the PetroVietnam Power Corporation (PV Power) held a cerymony to sign the principle contract to supply imported coal for the thermal power plants (PV Power TPP) invested by PVN.

Deputy Prime Minister Vuong Dinh Hue has approved the equitization plan of the Parent Company - PetroVietnam Petroleum Power Corporation (PV Power) by the way to withdraw a part of state capital at the enterprise.

The future of Petrovietnam Power Corporation - JSC (PV Power) is facing a challenging period, determined by the success or failure of investment in new projects.

Recently, in Hanoi, PetroVietnam Power Corporation - JSC (PV Power) together with IB Global and Vietnam IDG Capital signed a memorandum of understanding (MOU) to establish a strategic cooperation relationship between PV Power and the Vietnam Clean Energy Fund after its establishment. This is a new opportunity for PV Power to participate in clean energy projects.

The PetroVietnam Power Corporation (PV Power) aims to produce over 21 billion kWh and earn 29.45 trillion VND (1.31 billion USD) in 2016.

The PetroVietnam Gas Corporation (PV Gas) will be a supplier of liquefied natural gas (LNG) for the Nhon Trach 3 and 4 power plants under a framework agreement between the firm with the PetroVietnam Power Corporation (PV Power).[Trich luoc nhap]

Vietnam Petroleum Group (PVN) informed on its portal that, at a working meeting with PV Power, PVN General Director Le Manh Hung has just agreed and supported this Corporation to invest in the renewable energy (wind and solar power) projects.