Logo of Phnom Penh Post newspaper Phnom Penh Post - Energy minister looks to draw investors in sector

Energy minister looks to draw investors in sector

Energy minister looks to draw investors in sector

Cambodian Minister of Mines and Energy Suy Sem earlier this week courted two major Chinese energy companies hoping to draw investment into the sector, according to an announcement released yesterday.

The minister met with Sichuan Investment Group, a company that specialises in energy production and infrastructure development, as well as Sino-light Holding International Corporation, a company that is looking into how to transform the capital’s waste into energy.

While no deals have yet to be struck, a statement on the ministry’s Facebook page said that the government was optimistic that the two companies would make investments after con-ducting feasibility studies on how to enter into the Cambodian market.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • EBA withdrawal provides ‘opportunity for growth’

    Economic analyst Khoun Bunny said on Tuesday that the loss of the EU’s preferential Everything But Arms (EBA) agreement could be a golden opportunity for Cambodia to show it deserved to be ranked sixth on the list of the world’s fastest-growing economies. Government

  • Malaysia MP accused of ‘influencing law’

    Malaysian Member of Parliament (MP) Larry Sng arrived in Siem Reap early on Wednesday, in what was slammed by one NGO as efforts by Kuala Lumpur to “influence Cambodian law”. The Malaysian Embassy in Phnom Penh requested on January 30 “cooperation from the Ministry of Foreign

  • Ministries begin measures to offset EU’s EBA decision

    In the wake of the EU’s controversial announcement this week that it has begun the withdrawal process for Cambodia’s Everything But Arms (EBA) preferential agreement, government ministries and political analysts continued to share their reactions and economic mitigation plans in preparation for the