Vietnam firm wins tunnel contract for 210-MW Dak My 4

Vietnam hydro project builder Cavico Corp. announced its Cavico Power JSC unit received an US$11 million contract to build a headrace tunnel and surge tank for the 210-MW Dak My 4 hydroelectric project.

Cavico said it received the contract from project owner Industrial and Urban Development Corp. (IDICO), which is developing Dak My 4 on Vu Gia-Thu Bon River in Vietnam’s Quang Nam Province. (HNN 6/18/07) Cavico’s work on the US$252 million project is to be completed in September 2010.

The 2.4-mile-long, 25-foot-diameter tunnel is to include a water intake and pressure shaft. The surge tank is to be 292 feet high with a diameter up to 27.9 feet.

Cavico Vice President Tran Thanh Hai said the Dak My 4 contract and a recent one for the 75-MW Dambri hydro project in Lam Dong Province brings its total contracts for the first month of 2008 to US$22.3 million. (HNN 1/9/08)

In January 2007, PetroVietnam Finance Corp. lent 500 billion dong (US$31 million) to the Dak Mi 4 project as part of US$174 million from several sources that was secured for Dak Mi 4 by IDICO.

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