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dam-l Vietnam Investment Review article re: dams <fwd
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From owner-irn-mekong@igc.org Fri Jun 12 00:32:09 1998
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Date: Thu, 11 Jun 1998 17:44:56 -0700
From: Aviva Imhof <aviva@irn.org>
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Subject: Se San 3
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>Vietnam Investment Review 25-31 May 1998
>
>$230 million power plant to be fast tracked
>
>By Duc Hai
>
>Energy shortages have forced the Government to fast-track the construction
>of a $230 million 259MW power plant in the south of the country.
>
>The Government recently urged the Ministry of Industry to complete the
>feasibility study of the Se San hydro-electric project for appraisal and
>approval sending an official letter authorising the Vietnam Electricity
>Corporation (EVN), in accordance with the Hanoi Power Works Company, to
>commence development.
>
>According to the Ministry, the Se San 3 Hydropower project is included in
>the "Power Development Strategy to 2005" recently approved by the Government.
>
>Director of the Hanoi Power Works Company, Cao Van Son, said the company
>would be looking for financial partners willing to lend money at favourable
>interest rates ine xchange for a stake in the operation of the plant.
>
>Analysts told the Vietnam Investment Review that construction of the plant
>had the advantage of being only 25 kilometres downstream from the Yaly
>hydro-power plant.
>
>The decision to appoit the Hannoi Power Works Company to act as developer is
>part of the Government's scheme to gradually transfer the construction of
>the power plants from the monopoly of EVN.
>
>For the same reasons, the Na Duong and Can Don power plants were in the past
>delegated to the local Song Da Construction Corporation for construction and
>operation.
>
>More recently, some other power projects developed by foreign investors
>under the form of BOT have been carried out in an effort to diversify the
>ownership of power plants in Vietnam.
>
>ENDS
>
>
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Aviva Imhof, Mekong Program Coordinator
International Rivers Network
1847 Berkeley Way, Berkeley CA 94703 USA
Tel: + 1 510 848 1155 (ext. 312), Fax: + 1 510 848 1008
Email: aviva@irn.org, Web: http://www.irn.org
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