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Cambodia approves billion-dollar Chinese dams
Phnom Penh (AFP) June 13, 2008 The Cambodian government on Friday approved two large hydropower dams to be built with more than one billion dollars in funding from Chinese companies. The new projects, Stung Tatay dam and Stung Russey Chrum Krom dam in the southwestern province of Koh Kong, were approved during a cabinet meeting presided over by Prime Minister Hun Sen, according to a government statement. The statement said the dams will ensure Cambodia's energy supply at reasonable prices, which is "a necessary key to push for economic growth and other development." China National Heavy Machinery Corporation (CNHMC) will spend 540 million dollars to build Stung Tatay, Cambodian council of ministers official Seng Savorn told AFP. The dam will generate 246 megawatts of power. China's Michelle Corporation will spend 495.7 million dollars to build Stung Russey Chrum Krom dam, which will generate 338 megawatts of electricity, he added. Construction of both dams will begin this year, with Stung Tatay due to be completed in 2014 and Stung Russey Chrum Krom in 2015, he said. The Southeast Asian country will open nine other dams of various sizes between 2010 and 2019 to generate 1,942 megawatts of power, according to a government report to parliament obtained by AFP last month. The US-based International Rivers Network last year said that two of those dams, also funded by China, threatened to flood huge swathes of Cambodia's protected forests. Only 20 percent of Cambodian households currently have access to electricity. Spiralling utility prices, driven by the lack of supply, are a major obstacle to attracting foreign investment, and the government has struggled to find a way to bring down the cost of power. The government also plans to build nine coal-powered plants between 2011 and 2020, the report to parliament said. Community Email This Article Comment On This Article Share This Article With Planet Earth
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China focuses on 'quake lake' amid aftershock trauma
Chengdu, China (AFP) May 28, 2008China pressed on Wednesday with frantic efforts to drain water from a huge "quake lake" threatening millions of people, as survivors of this month's devastating tremor braced for more aftershocks. |
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