Power trade talks with Thailand are planned

Nov 6th at 07:49
06-11-2019 07:49:27+07:00

Power trade talks with Thailand are planned

Cambodia is planning talks with the Electricity Generating Authority of Thailand (Egat) to purchase 300MW of power, Ministry of Mines and Energy official Victor Jona said on Tuesday.

Jona, the director-general of the ministry’s General Department of Energy, told The Post that the talks could be held late this month or in early December.

Pending approval, he said, the additional 300MW of electricity is expected to be fully online by 2024.

“We are buying more electricity from Thailand to meet the [rising] demand,” Jona said.

Data from the Electricity Authority of Cambodia shows that the Kingdom currently imports 135.50MW from Thailand, 277MW from Vietnam and 30MW from Laos. Last year, the Kingdom’s total generation capacity was 2,208MW.

Jona said Cambodia needed to purchase between 20 and 25 per cent of its generation capacity from neighbouring countries.

Patana Sangsriroujana, deputy governor for policy and planning, told the Bangkok Post that Thai Minister of Energy Sontirat Sontijirawong had called on Egat to hold talks with Cambodia and Myanmar regarding future power trading.

“Sales to Cambodia will happen quicker than to Myanmar because some transmission lines have been developed in Cambodia,” Patana said.

He said the electricity trade to both countries should begin by 2023, the Bangkok Post reported. The energy ministers of the three countries needed to agree on a contract.

Early in September, a cabinet meeting decided that the Cambodian government will purchase 2,400MW of electricity from Laos.

A briefing document posted by government spokesman Phay Siphan on his Facebook page said investment in the two projects was worth $4.970 billion – including coal mine infrastructure, power plants, sub-stations and transmission lines to the Cambodian-Lao border.

phnompenh post



NEWS SAME CATEGORY

VN-Cambodia forum for business cooperation scheduled for December

A Vietnam-Cambodia business cooperation forum is scheduled to take place in Cambodia from December 5-8 with the participation of 180 businesspeople, it was...

Cambodia seeking stronger economic, trade ties with US

The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said.

GIZ fund of $4.5M to reinforce Kingdom’s SMEs

German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) will provide $4.5 million in aid to promote a small- and...

Cambodia slides anew in WB’s ease of doing business rankings

Cambodia's ranking in the ease of doing business index has slipped four years in a row since 2016, said the World Bank’s Doing Business 2020 report released on...

ADB set to provide $1.45B to aid growth

The Asian Development Bank (ADB) has announced that it will provide $1.45 billion to support a new five-year country partnership strategy (CPS) and help the Kingdom...

IMF: Cambodia’s economic growth to be highest in Asean

Cambodia's economic growth is projected to be highest in the Asean region despite facing several challenges, the International Monetary Fund (IMF) said.

MFIs propelling economic growth in rural Cambodia

The microfinance sector has contributed significantly to rural economic growth, even as industry insiders call for more efficient lending, said Cambodia...

Cambodia, Turkey set to grow bilateral trade to $1B annually

Cambodia and Turkey have renewed their pledge to boost bilateral trade and investments to $1 billion annually, the Ministry of Commerce said.

Competitiveness, diversification plan underway, says IMF

The government is proactively addressing economic risks and uncertainties through a structural reform plan aimed at improving competitiveness and diversification...

CDC approves $22.5B in projects over 44 months

Cambodia approved a total of 831 investment projects worth more than $22.56 billion between January 2016 and August this year, according to data released on...


MOST READ


Back To Top