Thailand's Sahacogen (Chonburi) Pcl, an independent producer and distributor of electricity and steam, will form a joint venture with Saha Patthana Inter Holding Pcl, the investment arm of Thailand’s Saha Group, to invest in biomass power plants in Cambodia and Myanmar, according to online business intelligence platform DealStreetAsia.

The new company intends to invest around $20 million in new power plants, including a 10-megawatt plant to serve Phnom Penh. It hopes to finalise the plan by mid-2017.