Energy minister looks to draw investors in sector

Dec 1st at 08:00
01-12-2017 08:00:58+07:00

Energy minister looks to draw investors in sector

Cambodian Minister of Mines and Energy Suy Sem earlier this week courted two major Chinese energy companies hoping to draw investment into the sector, according to an announcement released yesterday.

The minister met with Sichuan Investment Group, a company that specialises in energy production and infrastructure development, as well as Sino-light Holding International Corporation, a company that is looking into how to transform the capital’s waste into energy.

While no deals have yet to be struck, a statement on the ministry’s Facebook page said that the government was optimistic that the two companies would make investments after con-ducting feasibility studies on how to enter into the Cambodian market.

phnompenh post



NEWS SAME CATEGORY

For energy independence, government must diversify and invest: experts

Despite Cambodia’s efforts to shore up its energy independence, the government needs to increase homegrown electricity generation to lower prices, ensure investment...

Pig factory exports first batch of leather

Agro-industrial giant Mong Reththy Group exported its first batch of processed pig skin leather in September and has spent the last three months testing its factory...

Confirel wins sweet honour

Cambodian-based specialty food producer Confirel won first prize for its Thnot Organic Sugar at the 15th Asean Food Conference in Ho Chi Minh City yesterday.

Business Insider: The 3D printing watchdogs

A nascent industry in Cambodia, 3D printing has been adopted by numerous technologically advanced companies for producing prototypes. The Post’s Robin Spiess sat...

Cassava farmers find friend in exporter

Amru Rice, one of Cambodia’s largest rice exporters, signed a memorandum of understanding with a Thai starch company last Friday in a bid to increase export orders...

EBA scheme in jeopardy after CNRP ruling

In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from...

Angkor Gold ends deal with miner Blue River

Canadian mining firm Angkor Gold Corp has terminated its earn-in exploration agreement with Vancouver-based junior mining firm Blue River Resources Ltd, putting an...

Government approves new garment factory investment

The Council for the Development of Cambodia (CDC) has approved a $2.45 million investment project allowing garment manufacturer Fushun Cambo Fashion Co. Ltd to set...

Government plans new cassava policy

Minister of Commerce Pan Sorasak has announced that the government will be spearheading a new National Cassava Policy which aims to address challenges in the...

Stable growth in Kingdom for Thailand cement firm

Thai cement manufacturer Siam Cement Group (SCG) has seen total sales revenue in Cambodia reach $254 million during the first nine months of the year, according to...


MOST READ


Back To Top