Pestech Inks MoU to Build Two Solar-Based Assets in Cambodia

• Sommana Yan
• 16 December 2022
• Local News
• 2594 Views

Locally-listed Pestech (Cambodia) plc (PCL), the subsidiary of Malaysia-based International Bhd, had signed a memorandum of understanding (MoU) with Attwood Investment Group Co Ltd (AIG) to collaborate on the development of two feasibility studies on the construction or ownership and operation of solar-based assets in Cambodia.

In a filing to Bursa Malaysia on December 15, the company said that the operation of solar-based assets will be in Pailin Province where solar assets would be used to provide electricity to MSP Development Co Ltd for on-sale to retail customers and Rooftop solar within the Steung Hav Special Economic Zone.

Pestech said the MoU will allow PCL to contribute and strengthen its expertise in renewable energy while being committed to sustainable development.

“The objective of the feasibility studies is to offer both competitively priced clean and conventional energy mix to customers while providing potential investors a market-based risk-adjusted financial return,” the company said.

PCL, a company listed on the Cambodia Securities Exchange, is mainly engaged in the business of construction of electrical substations and transmission lines. (Read more)

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