Cavico Corp. (CAVO.OB) Finishes Construction on Hydropower Plant
Today, Cavico Corp., a leading infrastructure development company, announced that its wholly owned subsidiary, Cavico Hydropower Construction JSC, has completed the construction of the Dasiat Hydropower Plant. The subsidiary has begun the process of transferring the project over to Southern Hydropower Joint Stock Company, the project’s owner. Cavico Hydropower started this $4.6 million construction project in July 2006. It supplied equipment for waterways including surge tanks, intakes, the headrace tunnel, and other construction related work, including the creation of a 1.44-mile headrace tunnel. The tunnel is considered to be the narrowest tunnel in Vietnam. The new hydropower plant has been…