Vietnam Confirms Stake in Sesan Dam Bought by Chinese Firm
A representative of Vietnamese state-owned electricity giant Electricity Vietnam International (EVNI) confirmed yesterday that their stake in a dam project in Stung Treng province has been bought out by their Cambodian and Chinese business counterparts. While Royal Group chairman Kith Meng has maintained that EVNI still has a 10 percent stake in the Sesan dam project – and Royal Group in partnership with Hydrolancang holds 90 percent – Cao Dang Du, an EVNI representative in Cambodia, said that China’s Hydrolancang had paid EVNI back its investment. …
