Investment Analysis of Chinese Hydropower Companies Operating in Cambodia
Political ties between Cambodia and China have warmed considerably in recent years, smoothing the way for increased economic interdependence and trade.In an interplay of politically motivated development aid and profit-driven entrepreneurial spirit, Chinese State Owned Enterprises (SOEs) have committed to investing in a number of high profile infrastructure projects including hydropower dams, bridges, and highways.The Chinese governments Going-out policy, which was formally adopted in Chinas 10th 5 year plan (2001-2005), often backs-up larger Chinese firms ventures overseas by providing government-backed soft loans and export credits from government-supported Policy Banks, such as the China Export-Import bank.Other projects, however, secure loans from domestic banks at commercial rates under a conventional commercial operation model.In Cambodia, China is the largest single investor in 2007 of $ 763 million in investment approval (Chinese investment into neighboring Thailands national December 3, 2007).By contrast in 2003 and 2005, Chinas investment reached $ 448 million and $ 450,000 respectively.This section describes the major financial institutions in China and Chinese companies involved in the development of hydropower projects in Cambodia.The environmental policies of the lending institutions are detailed about commitments by several of the Chinese companies to the environment and the social standards through their affiliation with professional industry organizations are also outlined.
Cambodia hydropower hydroelectric operating conditions problems suggestions
Khoeun Monycheat
Business School, Sichuan University, Chengdu, P.R.China, 610064
国际会议
2013 International Conference on Strategic Management(2013年战略管理国际会议)
成都
英文
618-628
2013-12-15（万方平台首次上网日期，不代表论文的发表时间）