Cavico wins EPC contract for Vietnamese hydropower plant

Hanoi, Vietnam, November 18, 2009 – A joint venture led by Cavico Corp., a Vietnamese infrastructure development company, signed an engineering, procurement and construction contract with VRG — Dak with a total value of $30.2 million.

Cavico expects its portion of the total revenue to be worth $18 million.

For this project, Cavico will be responsible for constructing the main dam, a spillway dam, an overpass bridge, a water-intake portal, a headrace tunnel, a water diversion tunnel, a coffer dam, a vertical surge sharp tank and the service roads of the construction site.

Cavico expects to complete its scope of work in 27 months. Venture partner COMA will be responsible for purchasing the material and supplies, as well as the mechanical installation associated with the construction site and venture partner Song Da will be responsible for the overall design of the hydropower plant.

The Dak Sin hydropower plant is located near the Dak Sin stream, off the Dong Nai River, which is south of Dak Nong Province, just north of Ho Chi Minh City.

The twin-unit plant is owned by Vietnam Rubber Group and Dak Nong Joint Stock Company, a member of Vietnam Rubber Group. The hydropower plant will have a capacity of 28.4 MW upon completion.

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings.

Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.

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