Tuesday, December 14, 2010

China-Cambodia deal to back power plant

Monday, 13 December 2010
Chun Sophal
The Phnom Penh Post

PRIME Minister Hun Sen will sign an agreement in China this week for the construction a US$362 million coal-fired power plant in Sihanoukville province, to be run as a joint venture between a local company and a Chinese firm.

The plant, approved by the Council of Ministers on Friday, is set to be built in Stoeng Hav Industrial Zone with a capacity of 270 MegaWatts of energy once complete, according to a government statement.

Cambodia International Development Group Co Ltd, a joint venture between unnamed local and Chinese firms, was granted a 33-year concession to build and operate the plant starting from next year.

Hun Sen said yesterday that he would sign a contract with China regarding the project during his five day-official visit to the People’s Republic this week.

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