Electricity of Vietnam (EVN) announced it will begin construction of two hydroelectric projects on Cambodia’s Se San River, representing an investment of US$600 million.
The official Vietnam News Service reported the utility formed a new joint stock company, EVN Cambodia JSC, to implement the projects. EVN Deputy Director Lam Du Son said two Cambodian subsidiaries will be established to help mobilize capital.
The announcement follows an agreement in June between EVN and Cambodia’s Industry, Mines, and Energy Ministry to conduct feasibility studies of the 90-MW Se San 1 and 420-MW Se San 2 projects in northwestern Cambodia. The Se San River flows through Vietnam’s Central highlands into Cambodia’s Rattanakiri and Stung Treng provinces.
Feasibility studies are to be completed by 2009, with the plants to be completed by 2014. The two plants are to generate 2 billion kWh annually to help supply the eastern region of Cambodia and Vietnam. (HNN 12/22/06)
Electricity of Vietnam is already developing projects on the Se San on Vietnam’s side of the border. Prime Minister Tan Dung approved a letter of guarantee September 11 for a loan from Societe Generale Bank for the 330-MW Se San 4 hydroelectric project. EVN signed loan agreements with four Vietnamese banks in 2006 to secure 1.8 trillion dong (US$112.5 million) for construction of Se San 4.
Other Vietnam projects advance
Government media reported construction began September 12 on the 100-MW Khe Bo hydroelectric project on the Ca River in Vietnam’s Nghe An Province. The US$160 million two-unit plant is being developed by Viet Nam Power Development Joint Stock Co. on a build-own-operate basis. It is to generate 442.8 million kWh when complete.
Work was also reported under way on the 32-MW Nho Que 1 hydro project on the Nho Que River in Vietnam’s Ha Giang Province. The US$43 million project is being developed by Northern Electricity Development and Investment No. 1 Joint Stock Co. It is to generate 129 million kWh when complete.
In July, private investor-developer BITEXCO awarded a contract to Cavico Mining for construction of an access road and tunnel for the 108-MW Nho Que 3 hydroelectric project on the Nho Que. (HNN 8/1/07) That US$137.5 million project is expected to go on line by late 2009 in Ha Giang Province.
Vietnam firm to develop Laos plant
Vietnam Investment Review reported Viet-Lao Power Joint Stock Co. is to begin construction of the 290-MW Xekaman 1 project with an investment of US$400 million. When complete in 2012, Xekaman 1, also called Sekamang 1, is to generate 1 billion kWh for export to Vietnam.
Under contract to Viet-Lao Power, Song Da Corp. began construction in 2006 of the 250-MW Sekamang 3 hydropower project in southern Laos. (HNN 4/10/06) That US$273 million plant is to begin operating in 2009, exporting 1 billion kWh per year to Vietnam.