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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Work begins on Cambodian hydropower project By SOPHENG CHEANG,Associated Press Writer - Wednesday, March 31 Send IM Story Print PHNOM PENH, Cambodia – A Chinese company has begun construction of one of several hydroelectric dam projects planned to reduce electricity shortages in Cambodia that environmentalists warn could do more harm than good, an official said Tuesday. The China National Heavy Machinery Corp. will build the 246-megawatt plant in Koh Kong province, with an investment of $540 million. A groundbreaking ceremony was held Monday, and the project is due for completion by 2014, said Pich Siyun, chief of the province's Industry Department. "We have a shortage of electricity now, and I hope that the dam would help reduce people's poverty as the price of electricity would be cheaper," he said. On Thursday, a ceremony is expected to take place in the capital Phnom Penh for the inauguration of another Chinese-built hydroelectricity project in Koh Kong. Pich Siyun said China Huadian Corp. plans to build a $558 million hydropower plant that would generate up to 338 megawatts. Koh Kong province is about 130 miles (210 kilometers) west of Phnom Penh. Electricity generation in Cambodia remains largely underdeveloped, with most power plants using fossil fuels. The impoverished Southeast Asian nation also buys electricity from neighboring Vietnam and Thailand. Power costs in Cambodia are among the highest in the world, and only about 12 percent of its 14 million people have access to electricity, according to the World Bank. Electricity prices are also a major source of complaint from investors in Cambodia. In a bid to meet future electricity demand, the government has identified 21 potential hydroelectric dam sites across the country. But environmentalists have voiced concerns about the impact those projects will have. In a 2008 report, the U.S.-based International Rivers Network said "poorly conceived hydropower development could irreparably damage" Cambodia's environment and also extract a social cost. But Pich Siyun dismissed the concerns, saying the projects were studied thoroughly by all concerned ministries before they were approved by the government. "Of course there is an impact from the dams once we build, but according to our studies, the income from electricity will really boost our economy," Pich Siyun said. No specific plans have been announced to export power generated from the hydro schemes _ an approach embraced by Cambodia's cash-strapped neighbor, Laos _ but Prime Minister Hun Sen has previously said that if Cambodia's capacity was adequate it would consider selling electricity to Thailand. ____ On the Net: International Rivers: http://www.internationalrivers.org/en/southeast-asia/cambodia Recommend Send IM Story Print Related Articles Journalists in China say Yahoo accounts hacked AP - 1 hour 55 minutes ago EMI, Universal Music U.S. licensing talks back on - source Reuters - 1 hour 58 minutes ago Yemen rial inches up after $116 mln cenbank injection Reuters - 1 hour 59 minutes ago California looks into banks' role in underwriting, CDS Reuters - 2 hours 5 minutes ago Toyota says March U.S. sales rose about 35 percent Reuters - 2 hours 9 minutes ago News Search Top Stories Europe risks 'second league' of world economies: IMF Putin orders Russia to hunt down bombing militants Atom smasher opens 'new era' for science Elephants move like 4x4s: scientists Britain emerges from recession with new growth upgrade More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Latin pop icon Ricky Martin tells fans he is gay Atom smasher opens 'new era' for science Greece five-billion-euro bond release meets timid demand Junkies and junk-food addicts share craving mechanism Toyota global sales up 13% in February More Most Viewed » 'Rare' fossil of new dinosaur species found in US 'Britain's Fritzl' raped daughters for over 25yrs Hollywood stars help prevent suicide after Twitter alert Prince Philip in strip club gaffe More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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