Cambodia has agreed with China to construct a $362m coal fired power plant in Sihanoukville province, to be run as a joint venture between a local company and a Chinese firm.
The plant is set to be built in Stoeng Hav Industrial Zone with a capacity of 270 MW of once complete, according to a government statement. Cambodia International Development Group Co Ltd, a joint venture between unnamed local and Chinese firms, was granted a 33-year concession to build and operate the plant starting from next year (2011).
Id Praing, Secretary of State for the Ministry of Industry, Mines, and Energy (MIME) said that the new plant would be operating by 2014. MIME’s development plan to meet growing electricity demand includes building plants with 700 MW total capacity around Sihanoukville between 2011 and 2015.