BEIJING, June 21 (Reuters) - A Chinese company will build a $540 million hydropower plant in Cambodia's Koh Kong province to help ease a power shortage in the poor southeast Asian nation, China's Xinhua news agency said on Saturday.
The Stung Tatay project, to be built by China National Heavy Machinery Corporation, will take five years to complete. The company will operate the plant for 37 years and sell the power to the government, the report said.
After that, ownership of the plant will be transferred to the Cambodian government, it added.
China and Cambodia have close ties, and Beijing was a keen supporter of the brutal Khmer Rouge regime that was toppled by invading Vietnamese troops in 1979.
(Reporting by Ben Blanchard; Editing by Clarence Fernandez)
The Stung Tatay project, to be built by China National Heavy Machinery Corporation, will take five years to complete. The company will operate the plant for 37 years and sell the power to the government, the report said.
After that, ownership of the plant will be transferred to the Cambodian government, it added.
China and Cambodia have close ties, and Beijing was a keen supporter of the brutal Khmer Rouge regime that was toppled by invading Vietnamese troops in 1979.
(Reporting by Ben Blanchard; Editing by Clarence Fernandez)
5 comments:
There is a possibility that China might relocate some of its polluting factories in the costal area of Cambodia, and that hydro-electric dam might be meant to provide electricity to these factories.
Cambodia's coastal area might be strategic in the Gulf of Thailand and in the South China Sea.
LAO Mong Hay, Hong Kong
welcome to cambodia, china investment. i'm wondering what took the USA, the EU, Japan, Australia, etc... so long to invest in cambodia, and when china or others do it, there's always bad critics about it, why? who is stopping them, did cambodia say everybody is welcome in cambodia? hello, what part of speech here don't you understand? welcome to cambodia, all the super powers! we love you all long time! god bless cambodia.
Wrong, Dr Lao, China will never want to pollute their own people. However, we must keep a close eye on westerner. So far, they have been using Cambodia as a dumping ground for criminals.
Cambodia need electicity for the develeopment of its economy. We cannot rely 100% of power from outside. More hydro-dam meed to be built, but the impact on must be invironent must be taken into account.
Yes, and if we don't have enough electricity, we are dead in the water. Many businesses have complaint about the high price of electricity in Cambodia. Thus, we must not overload the system and cause chaos again. we must be ahead of the game at all times.
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