Malaysian company to invest in power worth $160 million in Cambodia
Malaysian group, Southeast Asia’s largest cable and wire group, will make investment worth US $160 million in a coal-fired power plant in southern Cambodia. To meet the increasing demand for power in Cambodia, power production will be increased up to 100 megawatts by late 2011 or early 2012, according to Reuters.
Ith Praing, deputy minister of industry, mine and energy, was quoted by the Reuters, as saying that the deal aims to meet the increasing demand for power in Cambodia and will increase production by 100 megawatts by 2011 or early 2012.
The plant would be situated in the costal province of Preah Sihanouk and was expected to take two years to complete, continued Reuters.
Presently, Cambodia has bought electricity from neighboring countries such as Thailand and Vietnam in order to meet its demand of 400 MW. There are only estimated 300 MW of electricity produced in Cambodia.
