Machinery giant looks to industrial investment
Ha Noi (VNA) - The Viet Nam Machinery Assembling Corporation Lilama has so far this year invested almost 2 trillion VND in hydro and thermal-power projects and cement factories.The Vung Ang 1 thermal-power project alone is set to cost the compnay 1.2 billion USD. With a capacity of 1,200 MW, the ground and site have been cleared and is ready for construction.
Over half of the financing is expected to come from bonds.
The corporation has also invested in the Song Ong hydro-power plant with a capacity of 8.1 MW and the Hua Na hydro-power project which is to break the ground soon.
Other projects included the Thang Long Cement Plant with an annual capacity of 2.3 million tonnes of clinker and the Song Thao Cement Plant scheduled to become operational by May, 2009.
In addition, Lilama is investing in a shipyard which is expected to be completed by July of 2008.--Enditem
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