Thailand plans to buy Cambodian water
Thailand’s listed Eastern Water Resources Development and Management Plc’s subsidiary Universal Utilities Plc. a tap water provider, plans to spend some 200 million baht ($6 million) a year to buy water from the still to be built Stung Nam hydroelectric dam in Koh Kong province to supply the Thai provinces of Chon Buri, Rayong and Chachoengsao. Cherdchai Pitiwatcharakul, the company’s acting managing director, was quoted by the Bangkok Post as saying the population in the three provinces in the Eastern Economic Corridor (EEC) is expected to increase fivefold from three million. The areas are due to accommodate investment in 10 targeted industries.
