Financing for a US$412 million hydropower plant to be built in Koh Kong province has been agreed, according to lawyers who oversaw the deal.
The Singapore branch of international law firm Herbert Smith confirmed that it had reached the close on the energy plant deal for the Steung Russei Chrum Kraon hydropower project. The plant is to be built and owned by affiliates of China s Huadian Power International Corporation.
The firm gave legal advice to the Export-Import Bank of China, which signed a financing deal with Huadian. We are very pleased to achieve the close on a major financing project such as this. It is one of the largest foreign investments in Cambodia to date and will no doubt be seen as an important step in the evolution of that power sector.Ltd.