Jan. 12 (Bloomberg) -- China Huadian Corp., one of the nation’s five biggest electricity producers, plans to build a $558 million hydropower plant in Cambodia in the company’s largest push to expand its overseas hydropower operations.
Construction of the 338-megawatt plant is scheduled to start next year, China Huadian said in a statement posted on the China Electricity Council’s Web site today. The company signed a financing agreement with the Export-Import Bank of China on Jan. 8, China Huadian said.
The hydropower plant, to be the largest in Cambodia, will be located 180 kilometers (112 miles) west of the capital Phnom Penh, the company said.
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