The government has approved the construction of two hydro-power projects with a capacity of 170 Megawatts (MW), valued at almost $450 million.
The initiatives will benefit not only the province but also contribute significantly to the nation’s power supply, according to the Council for the Development of Cambodia (CDC).
The group approved Khmer Electrical Power Co Ltd’s investment of $447.5 million for the ventures on November 21.
The Stung Russei Chrum Kandal Hydropower Plant, located in Koh Kong’s Mondul Seima district, will have a capacity of 70MW. The 100MW Stung Veal Thmor Kambot facility is located in the province’s Thma Bang district.
The construction of the plants is expected to create 230 new jobs and will adhere to a Build-Operate-Transfer (BOT) model, in which the company will erect and administer the stations for a contracted period of time before handing over control to the government or private sector.
Koh Kong provincial governor Mithona Phouthong stated on November 22 that the investment will considerably enhance the country’s economic growth. She emphasised the role of increased electricity supply in attracting more investors and tourists to the province.
“Every production chain, including services, all need electricity, so when there is more … it will help attract more investors to Cambodia,” she remarked.
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Author: Hin Pisei
Source: The Phnom Penh Post
November 23, 2023
