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|| 4 January 2010
Vietnam: Chinese-German firm signs $197m deal with Vinacomin
Wuhan Kaidi Electric Power Co Ltd on Dec 28 announced that it has signed $197-million contract with Vietnam National Coal-Mineral Industries Group (Vinacomin) to build a large thermal power project in Mao Khe, Vietnam, VNBusinessNews.com reported, quoting sources.
The energy project, which will cost $429 million, is expected to have a total generating capacity of 440 megawatts per year.
Wuhan Kaidi Electric Power Engineering Co Ltd, an affiliate of the Shenzhen-listed firm, and WULFF Deutschland GmbH, a German enterprise, will jointly undertake the remaining 55 percent of the work on the project.
Reportedly, Wuhan Kaidi Electric Power has announced that it will transfer the income rights of a commercial building located in Wuhan, Hubei Province to China Huarong Asset Management Corp to obtain a 100-million yuan credit line.
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