Chinese Energy Company Aids Cambodia’s Hydropower Plans

ON 14 JANUARY 2010. POSTED IN WATER POWER

China Huadian Corporation has secured approval to build a $558 million hydropower plant in Cambodia’s southwest province, Xinhua reported.

Ith Praing, deputy minister for industry and energy, said the 338-megawatt project will rise in Koh Kong province west of the capital Phnom Penh under a 30-year build-operate-transfer contract.

China’s state-owned power company inked a financing deal with the Export-Import Bank of China to bankroll the project.

Currently, Cambodia produces only 300 MW of electricity which is insufficient to satisfy demand. Priced at 20 cents, the country’s per kilowatt-hour rate is twice that of its neighbors Thailand and Vietnam.

The government is planning to drive the price down to attract more investments and have sufficient electricity by 2011 or 2012.

Overall, the country plans to build nine hydropower plants by 2019 to generate 1,942 MW of power. It believes that Chinese-funded plants will play a vital role to make this goal happen.

–   Oliver M. Bayani 

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