Cambodian invests USD 1.34 bn on energy projects

Prime Minister Hun Sen approved two energy projects worth in total more than USD 1.34 billion.

Devdiscourse News Desk | Updated: 25-05-2018 20:50 IST | Created: 25-05-2018 20:47 IST

Cambodian invests USD 1.34 bn on energy projects — The coal-fire and solar power plants will be built under the BOO (Built-Own-Operate) contract with the investment capital of USD 1,290.54 million and USD 58.22 million. (Image Credit: PDP)

Country:
Cambodia

The Cambodian cabinet ministers in their weekly meeting under the chairmanship of Prime Minister Hun Sen approved two energy projects worth in total more than USD 1.34 billion.

According to a report of the Press and Quick Reaction Unit of the Office of the Council of Ministers, the two approved projects include a 700-megawatt coal-fired power plant in Preah Sihanouk province and a 60-megawatt solar power plant in Kampong Speu province.

The coal-fire and solar power plants will be built under the BOO (Built-Own-Operate) contract for a 35- and 20-year period and with the investment capital of USD 1,290.54 million and USD 58.22 million.

About 2,320,000 households or 68.64 percent of the total households in Cambodia have already had access to the electricity as of late 2017, according to a report of the Ministry of Mines and Energy.