New Hydroelectric Power Plant for Pursat

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New Hydroelectric Power Plant for Pursat

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Singapore-listed ISDN Joins Consortium Building Hydro Power Plant in Cambodia
The power generated from the plant will be sold at a fixed price to the Cambodia Electric Power Corporation.
By Business News Asia -
November 4, 2019
Singapore-listed industrial automation firm ISDN Holdings Limited (ISDN) has collaborated with Tokyo-listed eREX Co Ltd and Cambodian firm Asia Energy Power Co Ltd to build an 80-megawatt hydroelectric power plant in Pursat Province, Cambodia.

The hydroelectric power plant, which already received confirmation and guarantee from the government for the business rights for the construction, also features a large-scale water storage capacity.

The power generated from the plant will be sold at a fixed price to the Cambodia Electric Power Corporation, according to the announcement.

The joint venture company, called SPHP Co Pte Ltd, is incorporated in Singapore with ISDN Energy, eREX, and Asia Energy having ownership of 33 per cent, 34 per cent, and 33 per cent, respectively. ISDN will inject US$500,000 as equity and another US$2.5 million as shareholder loan during the initial development phase of the project.

At the end of 35 years from the start of operations for the project, SPHP will transfer operating rights of the project to the Cambodia Electric Power Corporation.
https://www.businessnewsasia.com/201911 ... -cambodia/
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