Cao Nguyen Investment and Development Joint Stock Power Company is established based on Hydropower Project Management Board No. 5 with the expected chartered capital of VND 3,523 billion (30% of the total investment for projects), including shareholders: EVN, Da Nhim-Ham Thuan-Da Mi Hydropower Company, Power Company 1, Power Company 2, Ho Chi Minh City Power Company, Can Tho Thermal Power Company, Dong Nai Power Company and Hydropower Management Board No.5.
As estimated, the company will diversify its business consisting of hydropower company construction, power production and sales and construction investment project examination and consultation. Besides, the company will also do business on new sectors out of “power” like hotel, tourism, real estate, department leasing and forest and aquatic product raising, processing and importing and exporting, etc.
At present, Hydropower Project Management Board No. 5 is investing in 3 important hydropower projects and will generate in late 2009 and early 2010 in Buon Kuop (280MW capacity) with the total investment of over VND 4,616 billion, Buon Tua Srah (86 MW capacity) with the total investment of over VND 2,273 billion and Srepok 3 (220 MW capacity) with the total investment of VND 4,855 billion.
Nguyễn Kim Anh