ADB help build 100-MW national park in Cambodia
Asian Development Bank (ADB) has approved a US$7.64 million concessional loan to build a 100-megawatt solar power national park in Cambodia. Which will help develop renewable energy resources, diversify energy sources and strengthen its economic competitiveness.
In addition to ADB’s credits, the project’s financing package also contains US$11 million of concessional loans and US$3 million of grants. Non-repayable funds are provided by Strategic Climate Fund, especially through the Renewable Energy Extension Program.
There is also a grant of US$500,000 for technical assistant provided by e-Asia and Knowledge Partnership Fund of Republic of Korea. This grant is to support EDC’s development and Electricity Authority of Cambodia, the national electricity regulator on technology of light conversion into electricity power and setting up of Solar Power Park.
ADB will develop this solar energy project under grants from Government of Canada and Singapore.
Chairman of ADB's climate change specialists Mr. Pradeep Tharakan said that achieving reliable, sustainable, and affordable energy sources is important for rapid economic development like Cambodia.
"ADB's assistance does not only help diversify Cambodia's energy sources through solar power development, but also achieve the goal of reducing greenhouse gas emissions as per the climate agreement in Paris,” he said.
“Despite significant progress in the development of energy networks in Cambodia, nearly 5 million people are still lack of access to electricity,” he added.
By 2018, Cambodia can supply electricity through installed networks of nearly 2,175 MWs of which 1,330 MWs are generated from hydro-power equivalent to 62% and 780 MWs of fossil fuels equivalent to 36%.
Even though there is a lot of sunlight, the current generation capacity in country has only about 10 MWs. ADB's study showed that Cambodia could add about 200 MW of solar power to a distribution network by 2021, using non-interrupting technology.
This project will help EDC; Cambodia's national power supply service builds 100-MW solar power park as well as other associated infrastructures including entrances, fences and drainage systems in Kampong Chhnang.
The project will also develop an electricity transmission system that connects the main distribution lines near Phnom Penh, which will allow the project to supply power to the national distribution network.
The solar power plant, which will be part of 100-MW National Park, will be auctioned to independent energy producers into two steps.
The first phase aims to produce 60 MWs of energy. ADB's Public-Private Partnership Office is playing an operational advisory to assist EDC in designing and organizing open and competitive bidding.
By 2018, the bank pledged to offer US$21.6 billion in new loans and grants, founded in 1966 it is managed by 49 members from the region.
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In addition to ADB’s credits, the project’s financing package also contains US$11 million of concessional loans and US$3 million of grants. Non-repayable funds are provided by Strategic Climate Fund, especially through the Renewable Energy Extension Program.
There is also a grant of US$500,000 for technical assistant provided by e-Asia and Knowledge Partnership Fund of Republic of Korea. This grant is to support EDC’s development and Electricity Authority of Cambodia, the national electricity regulator on technology of light conversion into electricity power and setting up of Solar Power Park.
ADB will develop this solar energy project under grants from Government of Canada and Singapore.
Chairman of ADB's climate change specialists Mr. Pradeep Tharakan said that achieving reliable, sustainable, and affordable energy sources is important for rapid economic development like Cambodia.
"ADB's assistance does not only help diversify Cambodia's energy sources through solar power development, but also achieve the goal of reducing greenhouse gas emissions as per the climate agreement in Paris,” he said.
“Despite significant progress in the development of energy networks in Cambodia, nearly 5 million people are still lack of access to electricity,” he added.
By 2018, Cambodia can supply electricity through installed networks of nearly 2,175 MWs of which 1,330 MWs are generated from hydro-power equivalent to 62% and 780 MWs of fossil fuels equivalent to 36%.
Even though there is a lot of sunlight, the current generation capacity in country has only about 10 MWs. ADB's study showed that Cambodia could add about 200 MW of solar power to a distribution network by 2021, using non-interrupting technology.
This project will help EDC; Cambodia's national power supply service builds 100-MW solar power park as well as other associated infrastructures including entrances, fences and drainage systems in Kampong Chhnang.
The project will also develop an electricity transmission system that connects the main distribution lines near Phnom Penh, which will allow the project to supply power to the national distribution network.
The solar power plant, which will be part of 100-MW National Park, will be auctioned to independent energy producers into two steps.
The first phase aims to produce 60 MWs of energy. ADB's Public-Private Partnership Office is playing an operational advisory to assist EDC in designing and organizing open and competitive bidding.
By 2018, the bank pledged to offer US$21.6 billion in new loans and grants, founded in 1966 it is managed by 49 members from the region.
