DPA
Phnom Penh - Construction of two Chinese-funded hydropower dams costing more than 1 billion dollars is to begin in south-western Cambodia in the coming weeks, local media reported Wednesday. A report from the Ministry of Industry, Mines and Energy said work would begin this month on a 246-megawatt dam costing 540 million dollars on the Tatai River.And building would start in April on a 338-megawatt dam costing 496 million dollars on the Lower Russei Chrum River.
The Phnom Penh Post newspaper quoted Suy Sem, the minister for industry, mines and energy, as saying the dams would take up to four years to complete.
"We hope that the two hydroelectricity dams will help complement local demand for electricity in the future," Suy Sem said.
Cambodia suffers from high electricity prices, which have long been a hindrance to foreign investors and economic growth. A number of overseas companies are studying the feasibility of around 20 hydropower dams in the country.
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