Power plant licenses revoked

Central Phu Yen provincial authorities has recently revoked the licenses of two hydroelectricity power projects in Dong Xuan District.

The province’s People’s Committee has decided to cancel the Phu Mo and Ca Ton in Phu Mo Commune as their investor failed to prove their financial capacity to build plants.

The Phu Mo Hydroelectricity Plant and Ca Ton Hydroelectricity Plant are slated to cost 240 billion dong (US$12 million).

Phu Yen power development investment joint stock company, the investors, missed the deadline to present investment report.

Posted by VBN on Jan 18 2011. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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