Vietnam, January 20 - Vietnam Ministry of Planning and Investment has licensed the US$800 million hydro-electric power plant to be constructed in Cambodia, according to the ministry’s Foreign Investment Agency.
This project by state-owned Vietnam Electricity Group (EVN) is solely invested by its joint-stock subsidiary EVN International, whose shareholders include major state companies and corporations, such as PetroVietnam, EVN, and Vietnam Rubber Group.
The power plant, Lower Se San 2, is located in Cambodia’s Stung Treng province on the Se San river, a major tributary of the Great Mekong River flowing through Indochinese countries from China.
Its capacity is estimated at 400MW with an average output of 1998 million KWh per year, half of which will be sold back to Cambodia.
EVN International also currently carries out other energy projects and research for investment in neighboring Laos and Cambodia.
Construction for the plant is to begin this year and it is expected to go into operation in 2016
2 comments:
The Vietnamese government feels a sense of obligation to invest in Cambodia because of an onslaught of Chinese companies and investors flooding into Cambodia. Vietnam doesn't want China to influence Cambodia. It feels Cambodia and Laos belong to Vietnam. China has a giant economy, Cambodia and Laos would be better off dealing more with China. The more China involve in Cambodia, the more Vietnam back off from Cambodia. Vietnam has a bad history of lying. Cambodian government should not trust Vietnam too much. The more Cambodia trust to Vietnam, the more Cambodia lose to Vietnam.
Why do I feel that this article were written to tingled khmer's mind. But if true, I wonder how many years is the lease?? So if we do gamble between china and yuon, then we are playing with fire. We shouldn't gamble but strictly business with Khmer rules, laws,and regulations. They shouldn't sell watts to us since they are being built on our land. They should give half of it to us for free and with expire lease. If not free, we will lease it to china instead.
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