Thai firm to energise Poipet industrial park
Poipet PPSEZ Co Ltd, a wholly-owned subsidiary of Phnom Penh SEZ Plc and operator of the soon to be completed Poipet Special Economic Zone, signed a memorandum of understanding yesterday with a leading Thai energy provider to supply power to the 66-hectare industrial park. The agreement signed with B Grimm Power Pcl, a member of Thai B Grimm Group, offers the exclusive right to develop and operate power transmission infrastructure through a power purchase agreement for Poipet PPSEZ, which is in late-stage construction on the outskirts of Poipet. It also guarantees the future right to construct power generation facilities for the industrial zone. Both parties will now conduct a feasibility study for the construction of an initial 12.4 kilometre, 22 kilovolt transmission line connecting the SEZ with Poipet’s power substation, the two companies said during the signing ceremony.
