Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Korean firm to build power transformers

Korean firm to build power transformers

A KOREAN company plans to spend US$1 million to build Cambodia's first electrical transformer plant, officials said Wednesday.

The company said it hopes the equipment will cut imported electricity costs and reduce the number of power blackouts in the capital. "We have imported the raw materials and machines from Korea, with workers trained by our own specialists," said Jung Moon-soo, general manager of Camko First Transformer Co.

The new transformer plant will be built in Kantok Cheung village in Kandal province by a Cambodian-Korean developer.

Jung said Cambodia's expanding economy has made power shortages a vital issue.

"We need one more year to finish the plant and assemble qualified workers," Jung said.

Ith Praing, secretary of state at the Ministry of Industry, Mines and Energy, said the new plant would help to significantly cut imported energy costs.

"Transformers are crucial for changing electricity from high to low current for residential or commercial use," he said.

But he added that Cambodia needs more foreign investors to modernise its power sector to keep pace with rising electricity needs.

Cambodian Economic Association President Chan Sophal said the country's electricity fees are high compared with regional neighbours, deterring investors. "When we have more companies investing in transformers, electricity costs will drop and supplies will increase," he said. 

0

Comments

Please, login or register to post a comment

Latest Video

Senate passes amendments allowing seat redistribution

Following last week's events, when Prime Minister Hun Sen proposed redistributing the Cambodia National Rescue Party’s National Assembly seats among minor opposition parties, the controversial amendments were passed a

Life with the indigenous communities of Mondulkiri

The Indigenous People's Lodge in the lush highlands of Mondulkiri, one of the Kingdom's most sparsely populated provinces, offers of a taste of traditional life.

Watch our video to find out more.