150MW Coal-fired Plant Expected to Come Online in October

A new coal-fired power plant in Preah Sihanoukville province with a capacity of 150MW is expected to come online in October. The new power generating plant is becoming operational as Cambodian government strives to become energy sufficient.

H.E. Victor Jona, spokesman and director general of Ministry of Mines and Energy, said that the power plant is the second investment of Cambodia Energy Co Ltd, a subsidiary of Malaysia’s Leader Universal Holdings, and is almost complete after two years for construction.

“The new coal-fired power plant, which is the second project of Malaysian company, will start generating power and the power will be linked to the national grid by October. The new source of power will contribute to increasing power in the country which has experienced shortages in the summer season this year, due to the increase of investment, particularly in the construction sector,” H.E. Victor Jona said.

The government approved the Cambodia Energy Co., coal-fired power plant proposal in 2017, with the firm currently operating two 50MW coal-fired power plants in Preah Sihanoukville province.

Currently, beside the Malaysia’s coal-fired plants, CIIDG Erdos Hongjun Electric Power Co – a joint venture between Cambodia International Investment Development Group, also operates three 135MW coal-fired plants.

Additionally, last week, the Royal Group received the nod to conduct a feasibility study for a 700 MW coal-fired plant.

H.E. Victor Jona said that to increase power supply in response to the consumption, more power generation projects have been approved including hydropower and solar power facilities.

- Video Advertisement -

Related Post

Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth

Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]

Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth

Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialised real estate […]

Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends

In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]

Cambodia’s Construction Investments Struggle to Recover as 2024 Sees Significant Drop

Cambodia’s construction sector continues to face a challenging period, with approved investment projects in 2024 falling to about 2,190, valued at under USD 4 billion, a stark contrast to the nearly 4,841 projects worth approximately USD 12 billion in 2020. The latest report from the Ministry of Land Management and Urban Planning, presented by CBRE […]

Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers

Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after […]

PwC Slapped with Record USD 62.2m Fine and Six-Month Ban Over Evergrande Audit Failures

PwC Zhong Tian, the China arm of the global accounting giant, has been fined a record USD 62.2 million and banned from auditing for six months for its failure to identify financial misstatements in China Evergrande Group’s accounts between 2018 and 2020. The penalties, the most severe imposed on an audit firm in China, are […]