Associated Press
12th Jan. 2010
China Huadian Corp., one of the country's biggest power companies, said Tuesday it plans to build a $558 million hydropower plant in Cambodia, one of several major projects it has launched there.
The announcement followed the signing last week of a financing agreement with the Export-Import Bank of China during a regional gathering in the southwestern city of Nanning.
State-owned Huadian plans to begin building the 338 megawatt plant this year, the company said in a statement posted on the Web site of the China Electricity Council. The plant will be located 180 kilometers (112 miles) west of the Cambodian capital, Phnom Penh, it said.
Cambodia's economy has grown rapidly over the past decade but poverty remains widespread, particularly in the countryside where basic infrastructure is still lacking.
Apart from the hydroelectric plant, which will be Cambodia's biggest, Huadian said last month it plans to build two 50 megawatt coal-fired facilities with partner Cambodia Energy Ltd.
12th Jan. 2010
China Huadian Corp., one of the country's biggest power companies, said Tuesday it plans to build a $558 million hydropower plant in Cambodia, one of several major projects it has launched there.
The announcement followed the signing last week of a financing agreement with the Export-Import Bank of China during a regional gathering in the southwestern city of Nanning.
State-owned Huadian plans to begin building the 338 megawatt plant this year, the company said in a statement posted on the Web site of the China Electricity Council. The plant will be located 180 kilometers (112 miles) west of the Cambodian capital, Phnom Penh, it said.
Cambodia's economy has grown rapidly over the past decade but poverty remains widespread, particularly in the countryside where basic infrastructure is still lacking.
Apart from the hydroelectric plant, which will be Cambodia's biggest, Huadian said last month it plans to build two 50 megawatt coal-fired facilities with partner Cambodia Energy Ltd.
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