Cambodia issues new regulations strengthening control over steam power plants

The Ministry of Mines and Energy (MME) has issued a new Prakas to regulate steam power operations, requiring all businesses related to this sector to request a permit prior to operation.

According to Prakas No. 0305 dated 4 November 2021, any companies willing to develop, build, install, and operate steam power, both direct and indirect usages, must first apply for a permit from MME.

Companies that develop, build, install and operate steam power for selling purposes must apply two permits, one for steam power production and another for power selling.

Similarly, companies who wish to establish two-in-one steam power and electricity plants must also apply for two permits.

Any companies operating without permission are subjected to a fine from 400,000 Riels to 4,000,000 Riels per day plus other penalties.

 

 

 

 

- Video Advertisement -

Related Post

Cambodian Gov’t Extends Stamp Duty Exemption on Homes Up to USD 70,000 Until the End of 2025

The Ministry of Economy and Finance has announced an extension of the stamp duty exemption for the transfer of ownership or possession of all types of Borey housing valued at USD 70,000 or less, continuing this benefit until the end of 2025. This initiative aims to stimulate the real estate market by offering substantial tax […]

Tycoon Ly Yong Phat’s Hydropower Company Suspended for Environmental Violations in Pursat and Koh Kong

The Ministry of Environment has temporarily suspended all activities of Stung Meteuk Hydropower, a company owned by Tycoon Ly Yong Phat, in Pursat and Koh Kong provinces due to multiple environmental violations and non-compliance with legal requirements. The suspension was confirmed in a letter from the Ministry, dated 2 September 2024. The decision stems from […]

South Korea’s Mugungwha Trust Targets Investment in Cambodia’s Expanding Trust Sector

Mugungwha Trust Co., Ltd., a leading South Korean trust company, has announced plans to invest in Cambodia’s trust sector, aiming to contribute to the country’s economic growth and sector expansion. The company’s President, Mr. Oh Chang-seok, expressed this commitment during a meeting with Samdech Techo Hun Sen on 10 September 2024 in Seoul, Republic of […]

GDT Sets Property Tax Deadline for 30 September 2024

The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property […]

Cambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector

In a significant move to bolster Cambodia’s aviation industry, the Senate has unanimously approved the draft law on international air transport. The approval, achieved with 56 out of 56 votes during the extraordinary session of the Senate of the 5th legislature, was held under the chairmanship of Samdech Techo Hun Sen on 31 July 2024. […]

The Gov’t Establishes Special Task Force to Expedite Tax Audits

In a decisive move to enhance the business and investment environment, the Cambodian government has established a special tax audit unit under the General Department of Taxation of the Ministry of Economy and Finance. This unit aims to expedite the resolution of tax audit issues and ensure compliance with existing laws and regulations. The decision […]