Clean or renewable energy investment projects have become an important part of the government’s policy to reduce emissions from fossil fuels such as coal and oil. It can also help lower electricity prices in Cambodia and attract financiers to invest directly in the country, as well as help improve the ability to export products to international markets.

Last week, the Council for the Development of Cambodia (CDC) approved SchneiTec Vibrant Co Ltd’s $65.5 million for the construction of a 60 Megawatt (MW) solar power plant in Svay Chek commune of Svay Rieng province’s Rumduol district.

Minister of Mines and Energy Keo Rattanak stated at the recent “Mining and Energy Policy in Cambodia” forum that the country’s electricity sector has gone through many difficult stages over the past four decades, from a lack of electricity to an adequate supply, and is now on the way to exporting to neighboring countries in the region.

He added that along with the increase in production capacity, Cambodia is also “recognised as being full of clean-source energy potential”. Currently, over 60 per cent of the electricity used in-country comes from renewable energy sources such as solar, wind and water.

“In the past, we relied on power generated from diesel or oil, which produced heavy dark smoke and loud noise. However, by the end of 2022, around 62 per cent of our national grid’s electricity came from clean and renewable sources.

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Author: Hin Pisei

Publication date: 03 December 2023

Source: The Phnom Penh Post