Thursday, March 18, 2010

Govt gives contract for $2bn dam to VN firm

Thursday, 18 March 2010
By Chun Sophal
The Phnom Penh Post

A VIETNAMESE development company has won the contract for a multi-billion-dollar hydroelectric dam on the Mekong River, replacing a Russian developer that failed to report to the government on time.
The Vietnam Urban and Industrial Zone Development Investment Corporation received its licence December 9, 2009, and now has two years to complete impact and output studies, according to an annual report from the Ministry of Industry, Mines and Energy.
“We hope that under this project Cambodia will have more electricity to respond to demands for consumption and business purposes in the future,” Bun Narith, deputy director general for the ministry’s hydroelectricity department, said Tuesday.

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