International firms eye waste-to-energy plant in Sihanoukville

International firms from Singapore and Malaysia are looking to invest in waste-to-energy plants in Sihanoukville province, according to a 27 August meeting between the companies and the provincial governor.

The investment plan was revealed by Mr Dato Mah Kaseng, Director of Ric Natural Development Plc and Sihanoukville Provincial Governor H.E Kuoch Chamroeun.

According to a Facebook post from the provincial administration, Ric Natural Development is interested in investing in a waste-to-energy plant while investment firms from Malaysia and Singapore have expressed interest in investing in a bio fuel and tourism port in the province.

The investment initiative came as Sihanoukville is seeing significant development over the past years while the city’s population has reached more than 300,000 people, which has also created a parallel increase in garbage.

H.E Kuoch Chamroeun welcomed the initiative while citing that the province generates about 1,000 tons of garbage each day and this amount is expected to increase in the future.

“The company needs to study the project deeper in regard to the market, to reach the goal in investing in a waste-to-energy plant efficiently,” H.E Kuoch Chamroeun.

The firm will need to study the amount of garbage needed in order to produce 150-megawatts of electricity which will be set as the base for collecting garbage, leading to the establishment of the plant, said H.E Kuoch Chamroeun.

According to Mr Dato Mah Kaseng, the company is currently successfully operating a waste-to-energy plant in Thailand and is establishing another one in Laos.

- Video Advertisement -

Related Post

World Bank: Cambodia’s Economic Growth Forecasted to Reach 5.5% in 2025-2026 Amid Global and Domestic Challenges

Cambodia’s economy is projected to achieve a robust growth rate of 5.5% in 2025 and 2026, according to the latest World Bank forecasts. This follows expected growth rates of 5.3% in 2024 and 5% in 2023, reflecting a steady upward trajectory. These findings were highlighted in a report published by Fibre2Fashion on 21 December 2024. […]

Cambodia’s Business Landscape Faces Dual Trends: Drop in New Registrations 17%, Surge in Eliminations 32%

Cambodia’s entrepreneurial environment is undergoing a marked shift, with the Ministry of Commerce reporting 9,530 new company registrations in 11 months of 2024. This figure represents a decline of 17.17% compared to the same period last year, highlighting growing challenges in the business sector. Concurrently, company eliminations surged by 32.78%, totalling 1,284 businesses removed from […]

Shangri-La Phnom Penh Sets a New Benchmark in Luxury with $580 Million Investment

A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its $580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivalled comfort and sophistication. The hotel held its temporary inauguration on 15 December […]

SHV Province Enhances Safety with 433 Security Cameras Across 533 Strategic Locations

In a major stride towards improving public safety, Preah Sihanouk Province has successfully installed 433 new security cameras across key strategic locations. This advanced surveillance network, which includes 533 monitoring points throughout Sihanoukville, was unveiled during a press conference led by His Excellency Mang Sineth, Governor of Preah Sihanouk Province, with over 60 journalists in […]

Southeast Asia’s Largest Solar Projects Lead Global Renewable Energy Growth

Southeast Asia continues to lead the renewable energy charge with landmark solar projects across Vietnam, Indonesia, and Thailand, showcasing the region’s commitment to sustainable development. With ASEAN member states targeting 35% renewable energy capacity by 2025, the region currently boasts 28 GW of utility-scale solar and wind power, contributing 9% to its total electricity capacity, […]

Funan Techo Canal Completes 142 demarcation points, Sets Stage for Transformative Infrastructure Shortly

In a landmark achievement for Cambodia’s infrastructure development, the inter-ministerial technical working group has successfully completed the boundary posting process for the first 21 kilometres of the Funan Techo Canal. This initial section, stretching from Prek Takeo to Prek Po, has reached 100% completion, with 142 demarcation points now established along the route. This milestone […]