Cambodian Parliament Approves Landmark Law for 24 Electricity Investment Projects

• 24 May 2025
• Local News
• 5920 Views

In a significant move to bolster the nation’s energy infrastructure, the Cambodian Parliament has officially approved a draft law facilitating payment guarantees to 24 electricity investment companies. This landmark decision was made during the fourth session of the seventh National Assembly held on 22 May 2025.

The new law comes in response to the surging demand for electricity, projected to rise until 2028, as outlined in the Master Plan for the Development of the Electricity Sector in Cambodia (2020-2040) and its updated version released in 2024. This initiative aims to prepare the country for an anticipated electricity shortage due to global restrictions on coal-fired power plants, which Cambodia committed to before 2019. Without the timely development of new electricity sources, the nation could face significant supply challenges between 2025 and 2028.

The National Assembly’s approval encompasses a diverse array of projects aimed at expanding Cambodia’s renewable energy capabilities. Here’s a closer look at the companies and their respective investment projects:

1. Banyan Energy Co., Ltd., a 300 MW solar power plant in Kampong Chhnang province.
2. Waysun C.A.P. United Investment Co., Ltd., a 100 MW solar power plant in Battambang province.
3. Phalplu Dot Development Co., Ltd. 120 MW solar power plant in Prey Veng province.
4. Enerx Co., Ltd., a  350 MW solar power plant in Pursat province.
5. Resilient Mirai Co., Ltd. 100 MW solar power plant in Pursat province.
6. Senke PV Investment Co., Ltd. 100 MW solar power plant in Preah Sihanouk province.
7. Tang Laisi Import Export Co., Ltd. 30 MW solar power plant in Pursat province.
8. Royal Group Power Co., Ltd. 200 MW solar power plant in Stung Treng province.
9. Champion Group Co., Ltd. 50 MW solar power plant in Pursat province.
10. Billgate Construction Co., Ltd., a 350 MW solar power plant in Pursat province.
11. Chan Nimol Development Co., Ltd. 150 MW solar power plant in Kampong Cham province.
12. Modernity Holding Co., Ltd. 100 MW solar power plant in Kampong Chhnang province.
13. HKOASIS Power Energy Development Co., Ltd. 150 MW wind power plant in Mondulkiri province.
14. Snetek Co., Ltd. 150 MW wind power plant in Mondulkiri province.
15. Indochina Wind Power Co., Ltd. 150 MW wind power plant in Mondulkiri province.
16. Leader Wind Energy (Cambodia) Co., Ltd., a  150 MW wind power plant in Mondulkiri province.
17. Kouprey Wind Farm Co., Ltd. 150 MW wind power plant in Mondulkiri province.
18. Beijing Fenggang Infinite Wind Energy Co., Ltd. 150 MW wind power plant in Mondulkiri province.
19. SPHP (Cambodia) Co., Ltd. 50 MW biomass and 40 MW solar power plants in Kampong Speu province.
20. Botumsakor Energy Co., Ltd., a 900 MW natural gas-fired power plant in Koh Kong province.
21. Enersure Co., Ltd. 110 MW Prek Leang 1 and 2 hydropower projects in Ratanakiri province.
22. Snetek Co., Ltd., 200 MW energy storage system in Pursat Province and 300 MW energy storage system in Kampong Chhnang Province.
23. Snetek Co., Ltd., a 500 MW energy storage system in Pursat province.
24. China National Heavy Machinery Corporation 1000 MW pumped storage hydropower project in Koh Kong province.

This collective investment is poised to not only secure more reliable energy sources for the Cambodian people but also support the nation’s commitment to sustainable energy development. The government’s proactive approach highlights its dedication to addressing both current and future energy demands as Cambodia strides toward an electrified future.

• Laws and Regulation
• Energy and Environment
• Hydropower