Saturday, August 17, 2013

China Damming Cambodia, Laos & Myanmar - $6.1BN in hydro finance

Chinese investments play large role in Southeast Asia hydroelectric growth - EIA | China has emerged as a key player in both financing and building the hydroelectric power infrastructure in Southeast Asia. China invested more than $6.1 billion between 2006 and 2011 in financing 2,729 megawatts (MW) of capacity additions. Between 2006 and 2011, Chinese investors—such as the state-owned enterprises Export Import Bank of China and China Development Bank—financed 46% of all hydroelectricity capacity additions in Cambodia, Laos, and Myanmar and developed previously untapped hydroelectric resources in countries bordering the Mekong and Irrawaddy river basins.