(Posted by CAAI News Media)
The Urban and Industrial Investment and Development Corporation (IDICO) of Vietnam has signed a Memorandum of Understanding (MoU) on feasibility study on a 980 MW hydro-electric power project in Cambodia.
Under the MoU, signed in Phnom Penh on December 9 in the presence of Cambodian Minister of Industry, Mines and Energy Suy Sem, the project will be located in the Cambodian northeastern province of Stung Treng close to the Vietnam border. The area is expected to generate some 3.76 billion kWh of electricity a year.
The investor group includes the Song Da Corporation, the Vietnam Machinery Assembly Corporation (LILAMA), the Construction Corporation I (CCI), the Infrastructural Construction and Development Corporation (LICOGI) and the Bank for Investment and Development of Vietnam (BIDV).
Vietnamese Deputy Minister of Construction Bui Pham Khanh said at the signing ceremony that all the investors have experiences in developing a number of major hydro-electric power projects in Vietnam and Laos.
The IDICO said its intensive surveys in Cambodia since 2006 have shown that provinces bordered with Vietnam possess great potential in hydro electricity, estimated at 5,000 MW. The Mekong River stretch running across the Stung Treng province has the greatest potential, said an IDICO representative.
The Stung Treng hydro-power project is considered to be of important significance to the socio-economic development in Cambodia and the Mekong Delta of Vietnam. (VNA)
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