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| Cavico signs tunnel construction contract for hydropower plant  Cavico Corp. announced that Cavico Transportation, its wholly own subsidiary, has signed a contract for tunnel construction at Huoi Quang Hydropower Plant. The value of the contract is estimated to be approximately $9.43 million. Huoi Quang Hydropower Plant is expected to generate 520 megawatts of power upon completion. It is anticipated to be one of the four largest hydropower plants in Vietnam. The other three large hydropower plants are Son La, Hoa Binh, and Lai Chau. Huoi Quang will be built on Da River in Muong La and Than Uyen villages in Lai Chau province, 280 miles northwest of Hanoi.Electronic of Vietnam (EVN) has announced its intention to invest $630 million in the Huoi Quang Hydropower Plant. The plant, which was named in Vietnam's Governmental Agenda for electricity expansion encompassing 2006 to 2015, is expected to be in operation by 2012. The 2-unit plant will generate an average of 1.84 billion kilowatts per year and will ease the shortage of electricity in the country. write your comments about the article :: © 2008 Construction News :: home page |