Cavico Corp. awarded $19.2 mill hydropower construction contract

Los Angeles, CA, & Hanoi, Vietnam, Jan. 30, 2008 — Cavico Corp. has been awarded a construction contract valued at $19.2 million to build a second section of the headrace tunnel at the Dambri hydropower plant in Vietnam. This brings Cavico’s total awards at the Dambri hydropower plant to an estimated $34.3 million.

The latest contract with Southern Hydropower Joint Stock Co. at the Dambri hydropower plant is to construct a 2 mile long and 12 to 14 feet wide section of the headrace tunnel.

The Dambri Hydropower plant is located 87 miles northeast of Ho Chi Minh City in Da Huoai village, near Da Teh city in Lam Dong Province of Vietnam. Owned by Southern Hydropower Joint Stock Co., the $80 million plant will have a 75MW capacity.

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