Logo of Phnom Penh Post newspaper Phnom Penh Post - Prime Road Alternative wins rights to 60MW solar farm

Prime Road Alternative wins rights to 60MW solar farm

Content image - Phnom Penh Post
Cambodia will expand its solar energy investment by 12 per cent by the end of next year and increase it up to 20 per cent over the next three years, said Electricite du Cambodge director-general Keo Rattanak. Heng Chivoan

Prime Road Alternative wins rights to 60MW solar farm

Prime Road Alternative Company Limited won construction rights to a 60MW solar farm project at an auction, according to the Asian Development Bank (ADB).

An ADB press release released last week shows that the auction, which was conducted by Electricite du Cambodge (EdC), ended with Prime Road Alternative’s lowest bid of $0.3877 per kilowatt-hour.

The 60MW project is part of a 100MW national solar park in Kampong Chhnang province, which is structured as a public-private partnership.

EdC launched a tender offer for construction rights to the 60MW solar farm project in February on a build-own-operate basis.

The project, which is supported by the ADB, drew 26 bidders, including several global companies, and has achieved the lowest power purchase tariff for a solar project so far recorded in Southeast Asia, according to the release.

ADB office of public-private partnerships director Siddharta Shah said the record low prices show the power of competition.

This is a new era for renewable energy development in Cambodia and the region, particularly for solar power generation, he said, adding that this is good news for the EdC and Cambodians.

“We believe more governments in the region will adopt auctions as a strategy to procure renewable energy generation capacity, and this structure and tariff will serve as a benchmark for future projects,” he said.

The project preparation work was carried out by ADB with the support of the Canadian and Singapore governments.

ADB principal climate change specialist Pradeep Tharakan said ADB is working toward the long-term development of the Kingdom’s energy sector.

“Expanding solar generation is aligned with the country’s goal of increasing access to affordable and reliable sources of electricity,” he said.

ADB’s other ongoing forms of support for the Kingdom’s energy sector includes financing for the expansion and strengthening of the national grid, the development of a comprehensive power development plan through 2040, and the piloting of innovative technologies, including energy storage systems, said the release.

EdC director-general Keo Rattanak declined to comment on Sunday. However, he said in July that the government will prioritise renewable energy development rather than hydroelectric power.

He said Cambodia will expand its solar energy investment by 12 per cent by the end of next year and increase it up to 20 per cent over the next three years.


  • Archaeologists find ancient remnant

    A team from the Apsara National Authority (ANA) has discovered a gatekeeper statue’s foot fragment at the Tonle Snguot Temple, within a metre of the toe of a statue found in 2017. ANA spokesman Long Kosal told The Post on Wednesday that the fragment was

  • Hun Sen to the rescue

    Cambodia has won praise for allowing passengers of the MS Westerdam cruise ship to dock at Preah Sihanouk port, thanks to Prime Minister Hun Sen’s humanitarian act. In a message via Twitter on Wednesday, the director-general of the World Health Organisation Tedros Adhanom Ghebreyesu

  • EU partially withdraws EBA

    The EU Commission on Wednesday announced the partial withdrawal of the Everything But Arms (EBA) scheme, citing a serious and systematic violation by Cambodia of principles in the four core human and labour rights. The suspension affects one-fifth or €1 billion ($1.08 billion) of Cambodia’s annual

  • Japan calls for policy changes

    Representatives of Japanese companies and investors on Wednesday submitted a list of policy recommendations to the government concerning 21 challenges to the Kingdom’s business climate. Japanese Ambassador to Cambodia Masahiro Mikami and leaders of the Japanese Business Association in Cambodia (JBAC), Japan International Cooperation Agency

  • Trump tweets praise for Kingdom docking ship

    Cambodia continues to earn praise for its humanitarian act of allowing the MS Westerdam cruise ship with more than 2,200 passengers and crew on board to dock at the Preah Sihanouk port. The praise this time comes from none other than US President Donald Trump. “Thank

  • Hate worse than virus, PM says

    Prime Minister Hun Sen on Tuesday criticised countries that have cancelled flights with China following the outbreak of the Novel Coronavirus (2019-nCoV), arguing that such moves amounted to discrimination against the Chinese. In a speech delivered during the groundbreaking ceremony for work on national roads 2