Thursday, 23 July 2009

Vietnam, Cambodia to sign energy agreement


Vietnam and Cambodia hope to sign an 10 - year cooperation agreement on energy by the end of this year.

Officials from Vietnam’s Ministry of Industry and Trade and Cambodia’s Ministry of Industry, Mining and Energy reached an accord on the content of a draft agreement during their working sessions between July 21-22.

The 8-article agreement is designed to boost investment cooperation on hydro-electric power plants and the building of power grids connecting the two countries.

It is also aimed at increasing cross-border power sales, promoting mineral exploration and exploitation and encouraging businesses in the two countries to cooperate and implement sustainable development projects to protect the environment and the ecosystem.

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