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Italy’s Economic Diplomacy – 27 May: Latest news from the world

Laos: CMC wins 500 million dollar contract for hydropower plant

Italy’s CMC advanced technology company has won a 511 million dollar contract to perform the civil works and provide the hydromechanics for the Nam Theun 1 Hydropower Plant in the province of Bolikhamxay in Laos. CMC will lead the project with a 40% share in a joint venture with two of the largest construction companies in Thailand (Italian Thai Development, 30%) and in Vietnam (Song Da Corporation, 30%).  The most relevant part of the construction work will be a dam in RCC (Rolled Compacted Concrete) of 4 million cubic metres. The dam will deliver water through a pressure tunnel to a 650 MW hydropower plant with three turbines: two dedicated to exporting energy to Thailand (EGAT) and the third for domestic consumption (EdL – Electricite’ du Laos). The contract adjudicated to CMC and its partners concerns the civil works and the hydromechanics. The work is expected to begin at the end of May and last 56 months.

Vietnam: D’Amico launches two new eco-ships

D’Amico International Shipping launched two new eco-ships at the shipyards of Hyundai Vinashin in Nha Trang, Vietnam. The two tanker ships, symbolically named ‘Cielo di Capri’ and ‘Cielo di Hanoi’, are both 39,000 ton Handysize Product Tankers (184 metres long and 27.4 metres wide) showcasing an innovative design aimed at offering great versatility in the type of transport, high performance in terms of energy efficiency and consumption and a significant reduction of emissions, already in line with the international standards that will come into force in 2025. Thanks to the two new ships, D’Amico consolidates its presence in South-East Asia, in the light of a 755 million dollar maxi investment plan launched by the company in 2012.