[INNEWS Comprehensive Report] On October 10, Keo Rattanak, Cambodian Minister of Mines and Energy, met with Winfried F. Wicklein, Managing Director of the Asian Development Bank, and said that the solar energy project cooperated by Cambodia and the ADB is the lowest-cost project in the region and also provides other projects with the lowest cost. The country has set a good example.
It is reported that the Asian Development Bank and Cambodia Electricity Company have joined forces to jointly develop the national solar park with a total power generation capacity of 100 megawatts (MW). The project’s first 60 MW solar power plant (PV) has been successfully connected to the national grid, marking the achievement of an important milestone.
This collaboration demonstrates the huge potential for the public and private sectors to join forces for large-scale solar development in Cambodia.
The project is bidding for 60 MW and 40 MW of generating capacity from the private sector in two phases through an international bidding process. The tender for the first 60 MW phase was held in 2019 and was won by Prime Road Alternative. Its grid connection cost is among the lowest in Southeast Asian solar development, at only US$0.039 per kilowatt hour (kWh).
Another 40 MW of power will also be auctioned in 2022 and undertaken by Trina Solar. The company’s procurement costs are low, only $0.026 per kilowatt hour (kWh).