HCM CITY — EVN International Joint Stock Company, a subsidiary of Electricity of Viet Nam Corp (EVN), is hastening work on its hydroelectric projects in Cambodia and Laos.

The projects include the 400-MW Lower Se San 2 Hydro-power Project in Se San District of Cambodia's Stung Treng Province, which has been approved by the Cambodian Government.

EVN International Co (EVNI) contributed a 51 per cent stake and the local Royal Group a 49 per cent stake of the project, which will be carried out under the BOT (build-operate-transfer) investment form.

The Ministry of Industry, Mining and Energy of Cambodia has agreed to purchase 50 per cent of output from the Lower Se San 2 Plant, construction of which is scheduled to begin in 2012 and to be completed by the end of 2016.

EVNI are conducting negotiations on electricity selling prices and power purchase agreements (PPAs) with Cambodian authorities.

The company will also build a transmission line to sell the remaining 50 per cent of the plant's output to Viet Nam.

EVNI has completed a feasibility study on the 96-MW Lower Se San1/Se San 5 hydro-power plant in Ozdao District of Cambodia's Rattana Kiri province and Duc Co District in Viet Nam's Central Highlands province of Gia Lai.

The company also signed a memorandum of understanding with Cambodia's Ministry of Industry, Mining and Energy on jointly conducting a study on the 190-MW Sekong hydro-power project which requires investment of US$407 million.

In addition, EVNI is preparing for the 70-MW Nam Mo 1 Hydro-power Project in Laos' Sieng Khouang Province, which has a total investment of $119 million.