Rural power in need of $1bn

Aug 2nd at 13:21
02-08-2012 13:21:08+07:00

Rural power in need of $1bn

Cambodia will need about US$1 billion by 2020 to expand its electricity grid to communes and villages still in the dark, or about 60 per cent of the country.



The sum would be used to light up 11,205 villages that now use car batteries or candles during the night, said Toch Sovanna, director of the Department of Energy Technique at the Ministry of Industry, Mines and Energy.These villages, or about 1.8 million households, would be powered by alternative energy sources such as solar power, biomass, small-scale hydroelectric plants by 2020, not a national grid. The government aims to have 70 per cent of the country on a national grid by 2030.

Progress has not been steady as funding often comes up short, Toch Sovanna said yesterday at the Second East Asia Summit Energy Efficiency Conference.

“What is important is money. If we have enough money, we can do it fast,” he said.

“We will do solar energy gradually. Renewable energy projects are yet to find investors. Only hydroelectricity is going ahead.”

Hidetoshi Nishimura, executive director of Economic Research Institute for ASEAN, said at the conference energy effectiveness was important to develop the economy.

“This is important that the government and relevant authorities in the region guarantee the effectiveness,” he said.

“What we need to achieve economic development is energy effectiveness and the establishment of renewable energy sources necessary to reduce impact on the environment. We want the sustainability of economic development with energy. It is vital that we see working process.”

In early 2012, the World Bank gave Cambodia a $4 million loan for a so-called Rural Electricification plan. The government has subsidised solar panels to rural households in provinces such as Ratanakkiri, Mondulkiri, Preah Vihear and Pursat.

The plan has focused on areas without electricity networks from Electricity Du Cambodge.

At present, Cambodia buys a significant amount of electricity from Thailand and Vietnam to feed power shortages in major cities such as Phnom Penh.

phnom penh post



NEWS SAME CATEGORY

Good relations with South Korea bear economic fruit

Cambodia's total exports to South Korea dramatically rose more than 79 per cent year-on-year in first half of 2012 compared to 2011 with the main growth coming from...

Cambodia's export growth falls

Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the...

Cambodia imports nearly 1 mln tons of oil in 6 months, up 22 pct

Cambodia imported 922,860 tons of petroleum in the first six months of this year, up 22 percent from 756,100 tons at the same period last year, according to the...

 Cambodia mulls over atomic power

Cambodia is mulling over a nuclear power option to feed its anemic energy sector, although private sector pundits called the rough plan a dream – a dangerous one at...

China provides largest loan to Cambodia for agriculture, irrigation development

China is the largest provider of financial assistance to Cambodia for agriculture and irrigation development in the last three years, Cambodia's Minister of Finance...

Men Sarun to export canned noodles to the US and ASEAN

The producer of Mee Yeung instant noodles is set to expand its business by investing US$1 million in equipment to produce noodles for export, said a company...

Charter flights fuel growth

Charter flights through Cambodia’s two international airports contributed to a 20 per cent year on year jump in passenger flow during the first half of 2012...

Plan to build new eco-urban area in Hoa Binh

The People's Committee of Luong Son District in the northern province of Hoa Binh announced a plan on Tuesday for a VND790 billion (US$37.6 million) project to...

Unions reject bonus bargain

Union leaders yesterday rejected a proposal from Cambodian garment makers to provide US$9 a month for a worker’s housing and transport fees, demanding an additional...

Cambodian goods to be certified

The Ministry of Industry, Mines and Energy (MIME) will begin promoting the Institute of Standards of Cambodia (ISC) certifications by the end of 2012 in an effort...


MOST READ


Back To Top