Royal Group to invest $1.5 billion in 700 MWs coal fired power plant

A 700 megawatt (mW) coal-fired power plant has been approved for development in Koh Kong’s Botum Sakor district by the Cabinet.

The $1.5 billion investment in the Independent Power Producer (IPP) plant is a  venture by Cambodian tycoon Okhna Kith Meng’s Royal Group.

A source familiar with the investment said: “The project calls for the construction of a jetty to enable the shipment and unloading of imported coal to fire the power plant.

“It will take about four years to complete and 80 percent – 4,765.44 million – kilowatt hours a year of the power generated by the power plant will be sold to the Electricte Du Cambodge [EDC], the state owned utility company.”

The project has a 35-year operating licence and is to be undertaken on a “build-own-operate” basis.

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Khmer Times