2:18:52 PM | 11/9/2007
EurOrient, a global financial fund in the US, is considering a US$120-million wind-to-power project in Vietnam’s capital city, Hanoi, said managing general director Ron Nechemia.
Of the total capital, EurOrient will hold 70 per cent of stake equity, he said, elaborating that the power plant will have a capacity of between 100-120 MW.
As scheduled, Ron Nechemia will meet with Vietnamese Prime Minister to negotiate about the work.
Founded in 1988 and recognized by the United Nations, EurOriont is capitalized at US$33 billion, mainly investing in China.
EurOriont plans to invest around US$1 billion in between three and four projects in Vietnam annually, focusing on electricity, infrastructure, finance, real estate and seaport, said Ron Nechemia. (Urban & Economy, VnExpress)
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