The investors of a project to build the first coal-fired power plant in Koh Kong province are still looking for buyers, according to the Ministry of Mines and Energy.
In 2017, Electricity Generating Authority of Thailand, a government-owned utility, started negotiations on building a 2,400-megawatt coal-fired plant in Koh Kong. The company is still looking for a buyer for the power that will be produced at the facility, according to Victor Jona, director-general of energy.
Mr Jona said progress on the project stalled because investors and buyers were previously unable to agree on the terms of purchase.
He was speaking after a meeting with Thailand’s Ministry of Energy and PTT, Thailand’s leading energy firm, to discuss energy cooperation.
“The investors and the Thai buyers could not agree on the price at which the energy will be sold,” Mr Jona said.
The process of building the first coal-fired power plant in Koh Kong began in 2008, when the government approved a plan by a Thai investor to conduct a feasibility study to build a $5-billion coal-fired power plant in the province.