Cavico Corp announced this morning that Cavico Infrastructure, its wholly owned subsidiary, has signed an agreement to construct a rolling weir (Package DR-XL04) for Dambri hydropower plant. This new $3.12 million contract is the fifth contract between Cavico and Dambri which brings the total work at Dambri Hydropower Plant to over $37 million.
Vietnam’s Dambri Hydropower plant is owned by Southern Hydropower Joint Stock Company. The agreement calls for Cavico to build a rolling weir measuring 55 meters in height, 214 meters in length, and 16.63 meters at the base with a 6.5 meter upper base.
The projected is expected to be completed in two and a half years and Dambri’s plant, as well as Electricity Vietnam and other power companies, are hoping that their combined efforts will raise this year’s Vietnamese power output by 15%, with domestic demand expected to rise between 17% and 18%.
“Cavico Corp. is proud to contribute its expertise to Vietnam’s sustained economic growth supported by a fundamental need for electricity,” noted Ha Quang Bui, CEO and Chairman of Cavico Corp.
Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments.
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