dam-l LS: Vietnam: Can Don dam gets go ahead

[Aviva Imhof <aviva@irn.org>]

>
>Official website of the VIETNAM ECONOMIC TIMES
>   
>                  Date: Thursday, October 07, 1999
>
> License handed to Can Don hydro power plant
>   
>   (VET)- On October 5 MPI handed the license to Song Da Construction
>   Corporation to undertake the Can Don hydropower project, the first
>   locally-invested build-operate-transfer (BOT) hydroelectric power
>   station in the country with a capacity of 72MW to be located between
>   Binh Phuoc and Tay Ninh Province. The project costing an estimated US$
>   81.6 million is expected to be built in late 1999 and put into
>   operation in 2002. Song Da Construction Corporation will run the
>   project for 25 years after that the power station will be transferred
>   to the Government.
>   
>   Song Da Construction Corporation will enjoy some tax preferentials,
>   for example exemption of corporate income tax for the first 4 years
>   and then reduction of 50 percent of this tax for the following 9
>   years. 30 percent of the cost for the project is expected to come from
>   the Corporation and the remainder from the bank loans The Ministry of
>   Finance has pledged to provide guarantees for the investor to borrow
>   foreign currency from the four State-run banks, which now hold
>   combined surplus foreign funds of US$ 400 million to import equipment.
>  


*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*
Aviva Imhof
South-East Asia Campaigner
International Rivers Network
1847 Berkeley Way, Berkeley CA 94703 USA
Tel: + 1 510 848 1155 (ext. 312), Fax: + 1 510 848 1008
Email: aviva@irn.org, Web: http://www.irn.org
*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*

---

• Prev by Date: dam-l LS: Judicial Reforms Needed
• Next by Date: dam-l LS: Biobio al Dia
• Prev by thread: dam-l LS: Judicial Reforms Needed
• Next by thread: dam-l LS: Biobio al Dia
• Index(es):
  • Main
  • Thread