Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Power firms hunt for partners

Power firms hunt for partners

Power firms hunt for partners

A GROUP of 20 South Korean power companies are seeking domestic business partners in order to develop Cambodia’s nascent energy sector.

Yesterday, representatives from the Korean companies met with 67 local companies – including officials from 10 power plants together with electrical product distributors – at the capital’s Phnom Penh Hotel.

Kim Yoon Kyong, assistant to Yoon Tae Chu, managing director of Korea East-West Power Co, which led the Korean group, said: “This is the first time we have come here to seek for local business partners. The electricity and energy sectors in Cambodia are still weak and have a lot of room to grow.

“We are specialised in this sector, so our presence in Cambodia would contribute to the development of this country’s energy sector.”

EWP currently operates six power plants in Korea, accounting for 12.9 percent of national power generation facilities. The six plants produce 9,509 megawatts of power each year.

Among the other Korean firms represented included companies specialising in: power plant construction and machinery, petrochemical and refinery plant equipment, engine generators, solar energy, wind power plants and mining.

Although investment plans were not detailed during the course of the event, Cambodia’s energy officials remained positive for future partnerships.

Iv Visal, deputy director of the Electricity Distribution Division at Electricité du Cambodge, said yesterday that Korean input and expertise would help the Kingdom.

“They contribute to develop the sectors in Korea. Through their presence we hope that Cambodia’s power and energy sectors will be as developed as those in Korea in the future,” he said.

Cambodia is in the process of expanding its energy sector, in part through Chinese investment. China’s Huadian Power International Corp is financing a US$412 million hydropower plant in Koh Kong province.

According to the Ministry of Industry, Mines and Energy, from 2011 until the end of 2013, Cambodia aims to have a total of 869 megawatts of power generated by hydroelectric dams at Kamchay, Attay, Tattay, Kirirom 3 and Russei Chrum Kraom River, together with a coal power plant in Preah Sihanouk province.

Energy demand in Phnom Penh is currently around 300 megawatts per year, and is projected to increase by 25 percent in the next year.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which