The National Assembly voted to insure Cambodian Transmission Limited’s contract with Electricite du Cambodge (EdC) to build a power-transmission system from Phnom Penh to Kampong Cham on Thursday. The government has agreed to compensate the firm if EdC fails to make annual payments of $20.5 million over the 25 years following the project’s 2012 completion. Malaysia-based Leader Universal Holdings Bhd invested US $107.6 million in the project approved by the government in January, to construct a 110km, 230 kilovolt power line from Phnom Penh to Kampong Cham, along with a substation in each centre, according to project documents. Minister of Industry, Mines and Energy Suy Sem said “This is routine by the government to secure investors.” Opposition party lawmakers said in the investment was not transparent, and that the company stands to earn high profits from the project.
Govt backs contract for power transmission
- Prince injured, wife dies after accident
THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec
- Guards protest dismissals, reject claims of sharing naked photos of child
Some 20 former security guards at the US Embassy in Phnom Penh protested on Tuesday against their dismissal. They accused their employers of falsely claiming they had viewed and shared child pornography from their mobile phones as grounds for their termination. In total, 32 personnel were dismissed
- We’re going to Wisney World!
More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International and
- Funcinpec urges probe into deadly Preah Sihanouk accident
THE Funcinpec party has urged the government, especially the Ministry of Interior, to investigate the traffic accident in Preah Sihanouk province which left Prince Norodom Ranariddh badly injured and his wife Ouk Phalla dead. Funcinpec Vice President You Hokry told reporters at Botum Votey pagoda,