Sunday, June 22, 2008

China to build $540m hydro plant in Cambodia

Sat Jun 21, 2008 2:58am BST

BEIJING, June 21 (Reuters) - A Chinese company will build a $540 million hydropower plant in Cambodia's Koh Kong province to help ease a power shortage in the poor southeast Asian nation, China's Xinhua news agency said on Saturday.

The Stung Tatay project, to be built by China National Heavy Machinery Corporation, will take five years to complete. The company will operate the plant for 37 years and sell the power to the government, the report said.

After that, ownership of the plant will be transferred to the Cambodian government, it added.

China and Cambodia have close ties, and Beijing was a keen supporter of the brutal Khmer Rouge regime that was toppled by invading Vietnamese troops in 1979. (Reporting by Ben Blanchard; Editing by Clarence Fernandez)

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