Vietnam's Cavico Corp. announced that its subsidiary, Cavico Hydropower Construction, has signed a tunnel construction contract with Song Giang Hydropower Joint Stock Company for the Song Giang 1 hydropower plant in Vietnam's Khanh Hoa Province.
The cost-adjustable contract is valued at approximately $7.75 million, Cavico reported.
The twin-unit hydro plant, which is located 31 miles from Nha Trang, will have a 24-MW annual capacity once it becomes operational. Song Giang Hydropower Joint Stock Company expects to invest a total of $23.2 million in the plant.
Under the terms of the contract, Cavico will excavate and construct a total of 11,500 feet of 10.5-foot-wide tunnels and a 131-foot-high surge tank that will measure 30.2 feet in diameter. Revenue will be recognized in stages as Cavico completes each phase of the project.
Recently, Cavico Corp. announced that its subsidiary, Cavico Hydropower, has broken through the main tunnel at the Dong Nai 4 hydropower project.
The tunnel, which Cavico excavated and constructed, is 2.9 miles long and 30.2 feet in diameter, reports indicate.
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