Chinese companies sign agreements on building power projects in Cambodia
Feb 16, 2007 - Xinhua
Chinese companies here on Friday signed several agreements with Cambodian government officials on building a hydropower plant and an electricity transmission network for the kingdom.
The plant in Battambang province will cost 190 million U.S. dollars and can generate 465 million kilowatt-hour of electricity per year, said Deputy Prime Minister Sok An while addressing the ceremony.
The power transmission network will be constructed at the cost 113 million U.S. dollars to connect Phnom Penh, Kampong Chhnang, Pursat and Battambang, he said. The Cambodian government adopts BOT pattern (build, operate and transfer) for both projects, he said.
They are expected to benefit the kingdom in the fields of energy production, flood prevention, employment expansion, and tax enhancement, he added.
China Yunnan Corporation for International Techno-Economic Cooperation and Yunnan Southeast-Asia Economy and Technology Investment Industrial Co., Ltd. undertake the construction and development of both projects.
Representatives from the two companies, the Cambodian Ministry of Mines and Energy, and the Electricity Authority of Cambodia signed the agreements in the presence of Sok An, Chinese Ambassador Zhang Jinfeng and other senior Cambodian government officials.
Currently, Cambodia does not have the infrastructure to generate enough electricity to meet the growing demand, which has been rising 15 percent to 20 percent per year, according to the Ministry of Mines and Energy.