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Samart eyes power

Samart eyes power

Thai mobile phone company Samart is planning to invest in a power plant in Cambodia

to cushion the risks from the highly-competitive cellular business in Thailand.

Samart president Watchai Vilailuck said the company hoped to sign a deal with the

government in the next two months to invest in a power plant to tap growing demand

for energy.

He said the power plant is a long-term investment with a concession period of around

30 years. Samart will have profit of up to $26 million a year if the project is successful.

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