Mien Dong JSC wins bidding package for constructing Da M’bri hydropower plant

Mien Dong Joint Stock Co (coded MDG) announced to sign contract with Southern Region Hydropower Joint Stock Co (SHP) for carrying out the bidding package of DR-XL 13 for construction project of Da M’bri hydropower plant with total contract value of 49.5 billion dong.

Da M’bri hydropower plant will be built on Da M’bri river, in three districts of Bao Lam, Da Huoai and Da The, Lam Dong province. This is the hydropower plant with largest designed capacity that SHP has conducted. With total investment capital of 1.8 trillion dong, this hydropower plant has designed capacity of 75MW. The construction work is expected to be completed in 2012, supplying the annual production output of 338 million KWh.

The State Securities Commission (SSC) has recently approved for MDG to extend the deadline for offering shares to public up to April 1, 2011. The company is required to distribute the total share volume mentioned in the certificate No 752/UBCK-GCN dated December 3, 2010.

In Q4, MDG reported gaining total revenue from sales and services of 110.88 billion dong and after tax profit of 4.47 billion dong, raising the accumulative revenue to 318.36 billion dong and profit of 30.72 billion dong in 2010.

Tags: Da M'bri hydropower plant

Posted by VBN on Mar 5 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