15-09-2007
VNS (Hanoi)
HA NOI — Electricity of Viet Nam officially announced on Wednesday that it will begin construction of two hydroelectric plants in Cambodia using investment capital totalling US$600 million.
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.
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.
4 comments:
Why with youn akvak? Please 2008 election comming!
This is a country that depends on other countries for their resources.
Why go to school, why get higher education? Cambodia is country of beggers. You might as well knock down the indpendence monument in PP, because INDEPENDCE from what?
Keep cambodian as farmers, beggers, this is not the killing field its the killing country. killing its own resource, hidden potential. Cambodia is a krock of joke.
What do you know? AH HUN SEN passed the fucken law so that dirt Cambodian people will have no choice except to buy electricity from the Vietcong government with the blessing of the IMF.
Don't forget to watch out for those Vietcong middlemen. Please don't forget to check your electric meter because it is programmed to move a lot faster to make profit from dirt poor Cambodian people!
AH HUN SEN legacy is to make Cambodia depend totally on the Vietcong government!
Why AH HUN SEN always want to share everything that Cambodia has with the Vietcong? This is Cambodian natural resource for Cambodian people to build a powerful modern Cambodia and the fucken Vietcong have no right to be part of it!
The fucken Vietcong have yet to resolve their YALI FALLS DAM which cause so much damage on Cambodia’s Ratanakiri and Stung Treng provinces! http://www.irn.org/programs/vietnam/index.php?id=yalifalls.html
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