ADB-backed Nat’l Solar Park adds 60MW to grid

Nov 17th at 07:52
17-11-2022 07:52:50+07:00

ADB-backed Nat’l Solar Park adds 60MW to grid

A 60MW solar photovoltaic (PV) power plant in southwestern Kampong Chhnang province, part of the 100MW National Solar Park, was connected to the national grid on November 11, in a move to provide the people with more power resources, reported the Asian Development Bank (ADB).

In a November 15 statement, the Metro Manila-based multilateral lender hailed this as a “milestone” in its partnership with national power utility Electricite du Cambodge (EdC) to develop the national solar park – located in Kampong Chhnang’s Teuk Phos district.

The statement noted that its president, Masatsugu Asakawa, visited the solar park on the occasion, during which he “initiated the start of power delivery”.

“The National Solar Park Project has demonstrated the potential to develop large-scale solar PV in a cost-effective manner in Cambodia by mobilising both public and private resources. Under the project, an international competitive tender was organised to bid out power generation units to the private sector in two phases of 60MW and 40MW,” it said.

Asakawa said in the statement that “solar generation will need to be a key part of Cambodia’s efforts to expand access to affordable power while also transitioning to cleaner energy.

“ADB is pleased to have supported the establishment of the National Solar Park, which is a landmark project not only for Cambodia but for all of Southeast Asia,” he added.

EdC managing director Keo Rottanak lauded the ADB as “one of the early players in helping Cambodia increase its household access to grid electricity from 17 per cent in 2008 to almost 90 per cent in 2021, while also helping to reduce electricity costs nationwide.

“ADB was the nation’s first development partner to fund an earlier 10MW grid-scale solar farm and with the new National Solar Park today, ADB is with Cambodia once again in scaling up the nation’s solar contribution to more than 10 per cent of the total generation mix in capacity terms,” the statement quoted him as saying.

The statement added: “Phase I of the tender, for the first 60MW, was organised in 2019 and awarded to the firm Prime Road Alternative. The process resulted in a record-low price for utility-scale, grid-connected solar PV in Southeast Asia, at $0.039 per kWh.

“The remaining 40MW was tendered in 2020 and awarded to Trina Solar Co Ltd. This led to another record low procurement price for the region at $0.026 per kWh.

“With ADB’s continued support, including a transaction advisory services mandate with EdC to help develop 2GW of solar power, Cambodia is set to create the necessary conditions for a cleaner and more sustainable energy transition.

“Under the reference scenario in Cambodia’s recently approved Power Development Masterplan 2021-2040, which was developed with technical assistance from ADB, the share of solar PV in the country is expected to reach 1,000MW by 2030 and exceed 3,000MW by 2040,” ADB said.

For reference, Minister of Mines and Energy Suy Sem, at a November 14 dialogue on electric power use in agriculture, revealed that electricity supply in Cambodia has risen over three-fifths from 2,650MW in 2018 to 4,246MW this year, more than 50 per cent of which comes from clean energy sources.

phnompenh post



NEWS SAME CATEGORY

Agri ministry launches Seal of Quality Scheme

 

SSEZ trade volume hits $2B in 10 months

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) totalled $2.069 billion in the first 10 months of 2022, marking a 17.09...

10-month Oz trade up 83% despite recent slow months

Commodity trade between Cambodia and Australia totalled $438.983 million in the first 10 months of 2022, rising by 83.30 per cent year-on-year, according to the...

Minister reaches out to JETRO for export promotion, FTA support

The top commerce official on November 9 asked the government-linked Japan External Trade Organization (JETRO) to keep encouraging the Japanese business community to...

Eyes on two key tourism events

 

May Kunmakara

The 40th and 41st ASEAN Summits and Related Summits, held in Phnom Penh from November 8-13, are being touted as a great opportunity to showcase recent development...

Up to 800K tourists travelling the Kingdom, say ministry

 

Solidarity in regional tourism: PM

The Covid-19 crisis has convinced a wide range of countries around the world of the importance of tourism in promoting economic growth, as well as its vital role in...

S Reap preps for busy holiday

 

Korea players eye Kingdom for auto-parts collaboration

The Korea-ASEAN Friendship Association (KAFA) on October 26 hosted a symposium at the South Korean National Assembly (NA) on Cambodian-Korean cooperation in the...


MOST READ


Back To Top