Vietnam invests in Cambodia for hydro-power study

10/12/2009

The Urban and Industrial Investment and Development Corporation (IDICO) of Vietnam has signed a Memorandum of Understanding (MoU) on a feasibility study to build a 980 MW hydro-electric power project in Cambodia.

Under the MoU, signed in Phnom Penh on December 9, the project will be located in Cambodia’s northeastern province of Stung Treng close to the Vietnamese border. The area is expected to generate some 3.76 billion kWh per year.

The investor group includes the Song Da Corporation, the Vietnam Machinery Assembly Corporation (LILAMA), the Construction Corporation I (CCI), the Infrastructural Construction and Development Corporation (LICOGI) and the Bank for Investment and Development of Vietnam (BIDV).

The IDICO said its intensive surveys in Cambodia since 2006 have shown that provinces bordering Vietnam possess great potential for hydro electricity, estimated at 5,000 MW. The Mekong River stretch running across the Stung Treng province has the greatest potential, said an IDICO representative.