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.
Khmer Times
