H ouston-based Mosbacher Power Group and Beacon Hill Associates have signed a joint

venture agreement to build and operate a 60 megawatt combined cycle power plant in

Phnom Penh.

The joint venture has a power purchase agreement which grants them the right to sell

power to Electricité Du Cambodge for 25 years, according to a statement issued

by Mosbacher September 4.

The Mosbacher Group has companies operating on five continents and power generating

developments in North and South America as well as Asia.

The plant will be built on a site in northern Phnom Penh where it will interconnect

with a new distribution system which is being constructed under a $70 million World

Bank and Asia Development Bank grant and loan program.