|EVN to build two Cambodian plants|
A new joint stock company, EVN Cambodia JSC, was established to help implement the two projects, and the company plans to establish two subsidiaries in Cambodia to help mobilise capital, according to Lam Du Son, EVN’s deputy director.
Son also commented that, despite the plant construction being their first foreign investment project, the company was sufficiently qualified both technologically and financially to back the Cambodia project.
In addition to constructing, managing and operating the two hydroelectric plants, EVN Cambodia and its subsidiaries will also take part in other projects across Cambodia. These projects may involve electricity, business, forestry, or mine exploitation, among other things.
According to a memorandum of understanding signed between EVN and Cambodia’s Ministry of Industry and Mine and Energy on June 15, 2007, the EVN will have completed its feasibility study on the two hydroelectric projects by 2009.
Subsequently, the two plants will be finished within five years, and they will be put into operation in 2014.
The capacity of the first plant will total 90 mW and the second plant 400 MW. Together they will generate about 2 billion kW of power every year, which will be used in Cambodia and Viet Nam.
The plants stand to greatly benefit both Cambodia and Viet Nam by making use of the water force of Sesan River running through Viet Nam and Cambodia, Son said. He added that the plants would also benefit irrigation and flood prevention.
The construction of these two plants is part of the co-operation commitment in the areas of economics, culture, science, and technology between the two countries’ governments. The commitments were officially signed in August between Vietnamese Deputy Prime Minister Pham Gia Khiem and his Cambodian counterpart, Hor Nam Hong, in Phnom Penh. • VNS.
(Sources: Vietnam News)
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