Work on Upper Kon Tum hydropower plant project to start

21/09/2009 15:54:40 - views: 3,085

Vinh Son-Song Hinh hydropower Joint Stock Co (coded VSH) announced that the company would start the construction work on Thuong Kon Tum hydropower plant project with designed capacity of 220MW on Dak Nghe River, Kong Plong Dist, Kon Tum province.

Thuong Kon Tum hydropower plant project was included in the general electricity development plan No 4 to be built in two provinces of Quang Ngai and Kon Tum. The plant with total investment value of over 5.7 trillion dong will supply annual electricity output of over one billion KWh. The plant is expected to start operation in 2014.

At present, Vinh Son-Song Hinh hydropower Joint Stock Co has prepared for capital raising methods for the project such as the company's available profit, preferential loans from Vietnam Development Bank, issuing shares to increase VSH's chartered capital, issuing corporate bonds, commercial loans via export credit.

The company has concentrated on carrying out construction work of provincial road No 676 from KonPlong, intersection and connection road from Son Lap-Ngoc Tem to the entry road of the hydropower plant, and upgrading work of 22KV electricity line from Son Ha to the construction site in order to supply electricity for the project.

Source: VNBusiness.com

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