Saturday, 22 January 2011

Vietnam invests in Cambodia power plant

via CAAI

Vietnam, January 20 - Vietnam Ministry of Planning and Investment has licensed the US$800 million hydro-electric power plant to be constructed in Cambodia, according to the ministry’s Foreign Investment Agency.

This project by state-owned Vietnam Electricity Group (EVN) is solely invested by its joint-stock subsidiary EVN International, whose shareholders include major state companies and corporations, such as PetroVietnam, EVN, and Vietnam Rubber Group.

The power plant, Lower Se San 2, is located in Cambodia’s Stung Treng province on the Se San river, a major tributary of the Great Mekong River flowing through Indochinese countries from China.

Its capacity is estimated at 400MW with an average output of 1998 million KWh per year, half of which will be sold back to Cambodia.

EVN International also currently carries out other energy projects and research for investment in neighboring Laos and Cambodia.

Construction for the plant is to begin this year and it is expected to go into operation in 2016.

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