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09 / 07 / 2010
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LILAMA Corporation signed EPC Contract valued at VND 2,600 billion (March 24, 2008) (01 / 04 / 2008)
EPC Contract of Hua Na Hydropower Project was signed on March 24, 2008 between Hua Na Hydropower Joint Stock Company (Owner) and Vietnam Machinery Installment Corporation (EPC General Contractor). According to the Contract, Vietnam Machinery Installment Corporation shall carry out design, equipment purchase, building and installing execution, commission and work transfer to the Owner. The value of the Contract is VND 2,600 billion. Construction of the project will be under way at the end of March, 2008 and completed in the fourth Quarter, 2011.

Capacity of Hua Na Hydropower Project is 180 MW, which is consisted of two units, invested and built by Hua Na Hydropower Joint Stock Company in Que Phong District, Nghe An Province according to Document No. 129/TTg-CN dated January 19, 2006 by Prime Minister. The total project investment is VND 4,255 billion.

Target of the Project is to build, manufacture and trade in electricity, thus contributing to promoting industrialization process, economic development in Nghe An Province and the hydraulic resource exploiting areas, and together with Cua Dat Water Reservoir, to regulate Chu River flow to meet the anti-flood demands for downstream areas.

Hua Na Hydropower Plant comprises a water reservoir of 5,345 km2 in area, reservoir dam is gravity concrete dam according to rolling concrete technology, water tunnel 3,826 in length, diameter: 7.3m, water discharge 198 m3/ s, water intake: the style of tower against the edge, water design discharge 198m3/ s. Open Hydropower Plant has 2 units using vertical axis Francis Turbines. Annual average energy output is 706 billion kWh .


In addition, Hua Na Hydropower Joint Stock Company was established by two founders Shareholders, i.e. Vietnam Oil and Gas Group(PV) and Vietnam Machinery Installment Corporation, as well as shareholders and individuals including Military Commercial Joint Stock Bank, Sai Gon Commercial Joint Stock Bank, Financial Investment and Consultancy Joint Stock Company, Sai Gon Securities Company, etc. Target of the Company is to develop, manufacture and trade in Hydropower energy source to ensure more and more supply of electric energy to the country on the basis of the Company resources that will be jointed venture and associated with all economic sectors to organize, produce and trade in other legal lines for the purpose of increasing business production effectiveness, bringing the benefit for employees, the Company and the society.

The Company&rsquos main areas of activity involve manufacturing and dealing in electric power, constructing investment for electricity Projects, electric work building and installation, materials business, equipment in the electric fields, exploitation, process, mineral purchase, building and trading in house, office lease, real estate business, and tourism and hotel business.

In the period of electric power crisis as it is at the present, the commencement of Hua Na Hydropower Plant plays an important role in stabilizing the National Grid.
 
                                             Ha Duy Tinh
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