Vietnam-based infrastructure development company Cavico Corp. signed an additional construction contract at the Hua Na hydropower project with Lilama, a state-owned company owned and operated by the Vietnamese Ministry of Construction.
The revenue for this additional contract is expected to be $11.9 million. Cavico signed the initial contract for $4.9 million with Lilama for construction work at this project in April 2009.
According to the terms of this new agreement, Cavico’s majority-owned unit, Cavico Power and Resource, will be responsible for the construction of the sub headrace tunnel No. 2, a water diversion tunnel and a surge sharp tank.
Cavico expects to complete this project in five years.
The Hua Na hydro project, a twin turbine plant that requires a capital investment of about $250 million, is located on a 20.6 square kilometer property near the Chu River.
Once completed, the hydropower plant is expected to generate about 180 MW of power and will supply 706 million kWh annually.
Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings.
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