Electricity Company No 1 of Vietnam has entered into an agreement with China's Yunnan Power Grid Co which will see both companies construct the 21.4MW Seo Chong hydroelectric project in Vietnam's Lao Cai province.

According to reports in Vietnam News, the project is expected to cost US$28M to build, and will contribute 98.5M to the national grid when it is complete at the end of 2007.

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