Cavico Corporation (CVIC.OB) Awarded Dam Construction Contract
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…
