Cavico Corporation to Build New Hydropower Station in Ninh Thuan
Apr. 6 – Vietnam’s NYSE-listed heavy construction firm Cavico Corporation has secured an investment license, allowing it to build and operate a 6-megawatt hydroelectric station downstream from the Tan My irrigation reservoir in Ninh Thuan.
The hydropower station, which will cover an area of 280,000 square feet, is expected to generate 25 million kWh per year. Annual revenues from the plant should reach US$1.25 million, at the expected rate of US$0.05/kWh, the company said Monday.
The project calls for an estimated investment of US$ 6.7 million, or US$1.1 million per MW.
“Building a hydropower plant downstream from an existing large reservoir greatly reduces our construction and operating costs and maximizes our operating capabilities,” said Hung Manh Tran, executive vice president of Cavico Corporation.
The facility will be able to operate even during the dry season as it will use a small portion of the reservoir’s water supply, reducing the frequency of power outages and contributing to the quality of Vietnam’s infrastructure.
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