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
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.