The conclusion of strategic partnership in electricity production
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Recently, in Ho Chi Minh city, Saigon Asset Management (SAM) – the investment manager of the two listed investment funds Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH) – and Anh Khanh Electricity Joint Stock Company (An Khanh JSC) signed the strategic partnership of the investment cooperation in the field of electricity production (photo).
Established in 2007, SAM is the investment manager of Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH). Both funds are listed and traded on the Frankfurt Stock Exchange and Xetra. VEH invests in domestic and international companies.
An Khanh JSC is currently implementing to construct the An Khanh Thermal Power Plant no. 1 in Dai Tu district, which will have a total production capacity of 100MW. Bank of China will finance for this project. Project of An Khanh Thermal Power Plant no. 2 with the total capacity of 300MW in Pho Yen district will be implemented in the 4th quarter of the year 2011.
An Khanh JSC is working effortfully to become a major electricity producer in the area. With two thermal power plant projects totaling a projected 400 MW, An Khanh JSC will help fuel the growth of the major industries in Thai Nguyen as well as in provinces of Northern midland area, directly contributing to GDP growth of Thai Nguyen province.
This is a great effort of An Khanh JSC in capital call up in order to invest in the electricity industry development of Vietnam, contributing to guarantee of Vietnamese energy security.
