US$1.34 Billion Energy Projects Approved

The Cambodian cabinet ministers in their weekly meeting here this morning under the chairmanship of Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen approved two energy projects worth in total more than US$1.34 billion.

According to a press release of the Press and Quick Reaction Unit of the Office of the Council of Ministers, those 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 US$1,290.54 million and US$58.22 million, respectively, it pointed out.

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.

Source: Agency Kampuchea Press