Cambodia to Invest $1B in Hydroelectricity

Cambodia to Invest $1B in Hydroelectricity

A 400 megawatt hydroelectric power plant will be put into operation on July
15 in Stung Treng.

The Lower Sesan 2 Hydropower Plant in Steung Treng province, the largest in
Cambodia, will undergo trials beginning July 15. The official watergate
closing ceremony is slated for September 25, 2017.

"This is a great achievement of the Royal Government of Cambodia. It lends
more stability and quality to the power grid," stated Electricite Du
Cambodge (EDC)

The Lower Sesan 2 hydropower project is a joint project between the Chinese
investment firm Hydrolancang International Energy (51%), Cambodia's Royal
Group (39%) and EVN from Vietnam (10%).

It sits on 36,000 hectares and has an altitude of 80 meters, with a height
of 75 meters for storing water and 5 meters for preventing the risk from
over-high-altitude water levels.

As estimated, it will be able to provide tax revenues to the state at US$30
million annually.

Under the agreement between the investment firms and the government, after
40 years of operation, the Lower Sesan 2 Hydroelectric Project operations
and maintenance will be transferred to the government, which reflects the
significant contribution of private company to the government.

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Link to Original Article:
http://en.freshnewsasia.com/index.php/4891-cambodia-to-invest-1b-in-hydroele
ctricity.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com