Cambodia’s EDC to seek IPPs for 100MW park with ADB backing

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
ADB's support to a 100MW PV complex in Cambodia comes after it backed Sunseap's 10MW project, the country's first (Credit: ADB)

Cambodia’s solar ecosystem is poised for a significant boost under plans to build a 100MW complex with support from development financiers.

State utility Électricité du Cambodge (EDC) will oversee the addition of a solar park in the Kampong Chhnang province – just northwest of capital Phnom Penh – backed by a US$7.64 million loan from the Asian Development Bank (ADB).

Together with US$14 million in loan and grant money from the World Bank’s SREP programme, the ADB’s backing will help build the solar park, roads into the site, drainage extensions, fencing and a transmission line linking the project to Cambodia’s national grid.

In a statement, the ADB explained it is now advising EDC on how to set up an “open and competitive” bidding process to select IPPs for the 100MW complex. The plan, the ADB added, is to tender a first 60MW batch.

Should the 100MW capacity be delivered, the Kampong Chhnang park would mark a sizeable push for Cambodia’s solar industry, still stuck in the double-digit-megawatt territory.

As the ADB itself noted, the 10MW of PV installed to date – the work of Singaporean firm Sunseap, which it also backed – falls well short of the 200MW the country’s grid could incorporate by 2021 without fear of disruption.

Success with the project would also help plug electricity gaps in Cambodia, where almost one-in-three continue to lack power access. According to the ADB, the country’s electricity mix remains dominated by hydropower (62% of installed capacity) and fossil fuels (36%).

Read Next

April 22, 2021
Danish solar company Better Energy is expecting to improve its financial performance this year thanks in part to its transition from a project developer to an independent power producer (IPP).
April 21, 2021
Independent power producer Opdenergy has mandated BBVA as the underwriting entity for financing the development and construction of its 725MWp backlog of solar projects in Spain.
April 20, 2021
A solar- and wind-powered green hydrogen plant in Western Australia has secured the backing of France-based independent power producer Total Eren.
PV Tech Premium
April 20, 2021
New technologies are increasingly being used to enhance solar project economics and boost gains, however the application and modelling of these technologies remains uncertain. This exclusive recording from Solar Finance & Investment Europe sheds a light on those areas.
April 19, 2021
Photon Energy has reached more than 420MWp of PV projects under development, as the Netherlands-based renewables company weathered the impacts of COVID-19 on its financial performance last year.
April 16, 2021
There was a more than fourfold increase in corporate solar funding in Q1 2021 compared with the same quarter last year, amid strong demand for PV assets globally, according to new analysis by Mercom Capital.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021