Cambodia’s plans to develop sustainable energy generation may get a boost from international investors eyeing the region for opportunities.
Japan’s Mitsubishi Corp has just announced plans to develop Southeast Asia’s largest wind farm in neighbouring Laos. It is investing in Impact Energy Asia Development Ltd (IEAD), through its Hong Kong subsidiary Diamond Generating Asia Ltd.
The 600-megawatt (mW) capacity onshore wind farm project will be developed through an inter- mediate holding company together with a group company of Impact Electrons Siam Co Ltd in Thailand. The country’s first wind farm will be located in Sekong and Attapeu provinces in southern Laos, close to the Cambodian border. It will supply Vietnam with electricity through a dedicated power transmission line. Power from the wind farm is planned to be sold to Vietnam Electricity, the state-owned electric power company, courtesy of a 25 year agreement.
“At the moment this is only about Laos and Vietnam,” a Mitsubishi Corp spokesman told Khmer Times, but attention in the Kingdom is focusing more on renewables as oil and gas producers face problems tapping the country’s fossil fuel reserves.
The spokesman added, “Like the Laos wind farm, we may be interested in Cambodia or any other projects in Asian countries in future if Cambodia has the potential power to generate renewable energy.”