Xinhua
The Cambodian National Assembly (NA) has approved deals with two Chinese companies on Tuesday for construction of four hydro-electric dams in Koh Kong province, national media said on Thursday.
The investment stands at more than 1 billion U.S. dollars in total, English-Khmer language newspaper the Cambodia Daily quoted Ith Praing, secretary of state at the Ministry of Industry, Mines and Energy, as saying.
"We will have enough electricity to use in the whole country by 2014. All kinds of people, businessmen and investors, will be at ease after we have sufficient electricity," he said.
NA approved a deal of 540 million U.S. dollars for two dams with China National Heavy Metal Machinery, and a deal of 495 million U.S. dollars for the other two dams with the Michelle Corporation, also a Chinese firm, he said.
Construction should start in late 2009 or early 2010, and the power will be sold to the Cambodian government at handsome prices, he added.
The investment stands at more than 1 billion U.S. dollars in total, English-Khmer language newspaper the Cambodia Daily quoted Ith Praing, secretary of state at the Ministry of Industry, Mines and Energy, as saying.
"We will have enough electricity to use in the whole country by 2014. All kinds of people, businessmen and investors, will be at ease after we have sufficient electricity," he said.
NA approved a deal of 540 million U.S. dollars for two dams with China National Heavy Metal Machinery, and a deal of 495 million U.S. dollars for the other two dams with the Michelle Corporation, also a Chinese firm, he said.
Construction should start in late 2009 or early 2010, and the power will be sold to the Cambodian government at handsome prices, he added.
5 comments:
Good move, it's a right direction Power dame is an insetive element for Cambodian national. I support 100% only Chinese GOV'T who umderstand Khmer interest beter. Bravo!!!
Is the price still higher as today?
Yes dear It's sad for our inocent people but as my understand, any Cambodian GV'T to the future will has to depend on supper Power support anyways who else we can trusted? the Unite State? I don't think so; look at to Africain Nations do they get better atfer hundreds years doing the buseness with westerner and Frienship? they still poor then creating more trouble in their societies, perhaps dividing them in pieces. I personally beleive, turn to Chinese GOV'T for help is the bestway to do for Khmer interest.
Congratulation Khmer & China frienship.
cambodia needs a lot of electricity for the country, the investment, etc... how else can cambodia get electricity if we don't care to get the dams built? are we going to depend on electricity supplies from the neighbor countries forever?
Cambodia desperately needs electricity to jump start light, medium, and heavy industries!
The main reason Cambodian population insisted doing everything by hand because of high electricity cost otherwise the machinery will replace many of the jobs done by Cambodian people!
All neighboring countries have cheap electricity to modernize their country and to accelerate the economic growth for their country and why not Cambodia?
Cambodia needs to hurry up!
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