Thursday, September 09, 2010
PHNOM PENH (AFP) – A Chinese company plans to pump three billion dollars into Cambodian energy, property, and aluminium processing projects, an official said Thursday.
The proposed investment by China's Inner Mongolia Erdos (Houng Jun Investment Co) -- a massive sum in one of the world's poorest countries -- emerged after a meeting Wednesday between the firm and Cambodia's leader in Phnom Penh.
According to Prime Minister Hun Sen's assistant Eang Sophalleth, the firm discussed plans to build a 700-megawatt coal power plant in the popular seaside resort of Sihanoukville and invest in other sectors including property.
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The proposed investment by China's Inner Mongolia Erdos (Houng Jun Investment Co) -- a massive sum in one of the world's poorest countries -- emerged after a meeting Wednesday between the firm and Cambodia's leader in Phnom Penh.
According to Prime Minister Hun Sen's assistant Eang Sophalleth, the firm discussed plans to build a 700-megawatt coal power plant in the popular seaside resort of Sihanoukville and invest in other sectors including property.
Please click here to read more...
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