Vietnam’s Cavico to form renewable energy subsidiary

Cavico Corp., Vietnam’s largest non-state owned civil construction company, said that it has received an investment license to establish Cavico Renewable Energy (Cavico CRE), whose main business will focus on developing renewable energy-related projects such as hydroelectric, wind power, solar energy and biofuels. Total investment will be US$14 million over three years. Cavico CRE’s first project will be the Cau Dat wind power plant, located in Lam Dong province. (April 28, 2010)