The phase I of the project involves road preparation to transport Tunnel Boring Machine, which is anticipated to be completed by July 2009.

Theun HinBoun Power Company (THPC) is the owner and operator of the existing Theun HinBoun hydropower. The hydropower project is currently in operation in Bolikhamsai province. In September 2008, THPC has made a contract with CMC as the main contractor for Theun HinBoun Expansion Project after receiving approval from the Laos government to build an additional hydropower plant in the same area of the existing plant. Electricity generated from this plant will be sold to the neighboring country, Thailand.

“The Laos government has demonstrated significant encouragement to Vietnam for exploring hydropower opportunities in the country. The government plans to build about 50 to 60 large and small sized plants in this country,” said Hai Thanh Tran, vice president of Cavico. “Laos has gained increased importance for contractors like Cavico and we see this as a great opportunity and a potential market place. We believe contracting with Theun HinBoun Expansion Project will open new doors of prospects for Cavico to enter other markets in addition to Vietnam, both as an investor and contractor.”