Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Water price set as authority revenues climb

Water price set as authority revenues climb

Water price set as authority revenues climb

The water authority believes prices will be stable, despite its listing, benefiting those who wash large objects – like Sambo.

STATE-OWNED Phnom Penh Water Supply Authority is unlikely to raise the price of water when it lists on the Cambodia Stock Exchange, according to officials.

The company has been ordered to list on the bourse along with two other state-owned companies when the CSX launches. The exchange  start is set for July after delays.

“If the government stays the majority shareholder, it will be the government’s decision to raise or lower the price,” said General Director Ek Sonn Chan.

He said affordable, clean water was always one issue that the government considered important.

“I believe the government won’t [let someone else change the price] as current prices serve the people’s welfare.”

Securities and Exchange Commission of Cambodia Director General Ming Bankosal also said water prices would stay the same. “It is a necessity, because water benefits the whole society,” he said.

Instead, he said shareholders buying into the Water Authority’s initial public offering could expect healthy returns based on the company’s overall growth and its strong performance.

Throughout its history, the authority has sold water at a starting price of 550 riel (US$0.13) per cubic meter. Currently it can produce up to 280,110 cubic metres of water per day, with three treatment stations in Phnom Penh.

Meanwhile, the authority’s revenue increased 10 percent in 2010, climbing to more than 100 billion riel, or $24.7 million, which was 3 percent more than its target, according to Ek Sonn Chan.

“Increased revenue is in line with our plan to increase our customers – we had 14,000 new customers in 2010,” he said. “I do believe that if one invests in the PPWSA, they receive two benefits – first, they will gain more profits than just depositing in the bank at 5 percent interest rate, and second, their money will be secure.”


  • 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

  • Australian police investigating death threat against Kem Ley's widow

    Updated: 10:17am, Friday March 23, 2018 Australian authorities on Thursday confirmed they have launched an investigation into a crudely written death threat sent tothe family of slain political analyst Kem Ley and Victoria state MP Hong Lim. The typed letter, reported to Victoria police last week, is

  • Apparel groups including H&M and Gap urge Cambodia garment industry reform, seek meeting with Hun Sen

    A group representing some of the largest apparel brands in the US and Europe – including Gap, H&M and ASOS – expressed “growing concern” on Tuesday over several controversial labour laws and ongoing court cases against unionists described as restrictive and unjust. In an open letter

  • Cambodia, states clash at UN session

    Cambodia traded shots with the international community in a heated exchange at the UN Human Rights Council in Geneva on Thursday evening, with states condemning the Kingdom’s ongoing crackdown on the political opposition and civil society, and an increasingly agitated Cambodia accusing member states