PetroVietnam Power says signed deal for $300 mln loan from Citibank, ING

PetroVietnam Power (PV Power) said on Monday it has signed an agreement for a $300 million short-term loan from Citibank and ING to fund its projects to develop Vietnam's first two LNG power plants. PetroVietnam is also in talks for a long-term loan of $600 million from the two lenders for the development of Nhon Trach 3 and Nhon Trach 4 power plants in southern Vietnam, it said in a statement.