ADB loans $7.6M for Solar Power Construction
The Asian Development Bank (ADB) on May 24 approved a $7.64 million loan to support the construction of a 100-megawatt (MW) solar power park in Cambodia to help in a contribute to the development of renewable energy and diversify the power supply that can improve the country’s competitiveness. ADB Principal Climate Change Specialist Mr. Pradeep Tharakan […]
As Power Cuts Cripple Cambodia, Generator Sales Soar
PHNOM PENH — As the hot season scorches Cambodia’s capital, its 1.5 million residents have struggled to stay cool without air conditioning, while business and factory work frequently grinds to a halt as a result of the worst power outages in many years. For several months now, Phnom Penh has been crippled by cuts that last […]
Petroleum product imports up 10 pct in 2018
Cambodia imported 2.5 million tonnes of petroleum products in 2018, a 10 percent year-on-year increase, according to the Ministry of Mines and Energy. Diesel and gasoline are the most imported petroleum products, according to Sok Khavan, the ministry’s secretary of state, who spoke during a conference on the oil and gas sectors held at Phnom […]
CCambodia’s Dam Troubles, Power Woes Seen as Arguments For More Solar Energy Use
When the lights literally went out in many parts of Cambodia in February and stayed off in some areas during the following months, people immediately pointed their fingers at Prime Minister Hun Sen. They accused the mercurial autocrat who has ruled the country for more than three decades of orchestrating the blackouts in middle- and […]
‘BRI to greatly benefit Cambodia’
Recent research by Moody’s Investors Service revealed Cambodia, which currently has a stable B2 credit rating, is among the countries with the greatest potential for reaping economic benefits from China’s Belt and Road Initiative (BRI). In the new report, Moody’s focuses on the potential long-term economic gains and near- to medium-term macro-stability risks for 12 […]
France to support development of Cambodian electrical grid
France will support the development of the Kingdom’s power transmission network with $30 million in financing. According to a press release from the Ministry of Economy and Finance, Minister Aun Pornmoniroth and Remi Riou, general manager of the French Development Agency (AFD), will sign a financing agreement in the near future. “As planned, the Minister […]
Asiatic Group subsidiary extends Cambodian energy contract
A UNIT of Catalist-listed engineering group Asiatic Group (Holdings) will keep on supplying power to a state-owned Cambodian electricity company, in an extension inked and announced on Thursday. Indirect subsidiary Colben Energy (Cambodia), which is 85 per cent-owned by Asiatic, has extended a power purchase agreement with Electricite Du Cambodge until Apr 30, 2022. Under […]
Why Hun Sen can’t keep the lights on
Cambodia has been gripped by daily blackouts in recent weeks, leaving many parts of the capital Phnom Penh without power for most of the day. As temperatures spike during the region’s hot season, heated questions are rising about why the government can’t seem to keep the lights on. Prime Minister Hun Sen has blamed the […]
Cambodia dreams of an oil gushing bonanza
Amid electricity cuts, parched hydropower dams and millions of dollars of blackout-related economic losses, a bright spot could be emerging on Cambodia’s energy front. After nearly two decades of false starts, Cambodia has announced it will begin to extract oil for the first time later this year, representing a potential rich new source of energy […]
Chinese company unveils plans for solar investment in Cambodia
China Huaneng Group has unveiled plans to invest in a 200-megawatt solar project in Cambodia to help develop the Kingdom’s renewable energy industry. In a meeting on Sunday with Cambodian Prime Minister Hun Sen, held on the sidelines of the Belt and Road Initiative (BRI) Forum in Beijing, a representative of China Huaneng said the […]