Cavico Corporation Awarded Hydropower Construction Contract Valued At $19.2M

Los Angeles, LA & Hanoi - Vietnam Cavico Corp. recently announced it has been awarded a construction contract valued at $19.2M 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 $34.3M.

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

Cavico Corp. Vice President Hai Thanh Tran said, "We are very pleased to be awarded another contract at the Dambri plant, where we have already started operations. Earlier this month we started transporting equipment to the site to begin work on the first section of the headrace tunnel, which will be approximately 3.1 miles long with a diameter of 12 to 14 feet. With this award, we bring the total value of contracts at Dambri hydropower plant to $34.3 million. We have committed to the project's owner that we will complete this project within 36 months."

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 Company, the $80 million plant will have a 75MW capacity.

SOURCE: Cavico Corp.