China to invest more in ASEAN hydropower

More Chinese investments in hydropower will be made by China in ASEAN.

Diplomatic officials in charge of commercial affairs from Laos, Thailand, Malaysia, Cambodia, the Philippines, Vietnam and Indonesia visited China International Water & Electric Corp. to discuss further hydropower cooperation with China.

Wang Yu, president of CWE, said at a meeting with commercial counselors from ASEAN countries that the company is eager to engage in more hydropower projects and contribute to hydropower development in ASEAN countries.

CWE was working on more than 30 contracting projects in ASEAN countries by the end of 2012, according to Wang.

The counselors also welcomed CWE to invest more in their countries.

Bui Huy Hoang, a counsellor from the Embassy of Vietnam to China, said he hopes more Chinese companies will invest in Vietnam.

The company is now operating in about 30 countries and regions with total assets exceeding 10 billion yuan (1.6 billion U.S. dollars).

Diplomatic officials in charge of commercial affairs from Laos, Thailand, Malaysia, Cambodia, the Philippines, Vietnam and Indonesia visited CWE on Friday to discuss further hydropower cooperation with China.

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