Logo of Phnom Penh Post newspaper Phnom Penh Post - 'Coup' staged at EDC

'Coup' staged at EDC

'Coup' staged at EDC

A MINI pro-Funcinpec 'coup' has resulted inside the Electricite du Cambodge (EDC) from a reform plan designed to eliminate middlemen taking a cut from the sale of electricity, according to a senior adviser to the EDC.

French adviser to EDC Daniel Saulnier said: "This is for sure a little coup ... Before the [CPP] managing staff [at the EDC] were selling to the intermediaries ... the right to put some money in their pockets.

"This was one of the few companies where all the employees racketed their own company."

Funcinpec minister of industry Pou Sothirak ratified the reform plan on Sept 10. He told the Post its aim was to reorganize EDC staff to eliminate the intermediaries between the producer and consumers of electricity which was the main reason for the EDC's financial difficulties.

The industry minister said the reform will tend to make the EDC profitable. Before the reform the key positions at the EDC were run by CPP staff.

The changes will eliminate the big responsibilities of these CPP staff who will be replaced by Funcinpec members, according to an official who works with the EDC and requested anonymity.

He said the general director, CPP member Tan Kin Vinn, will now be under the responsibility of an as yet unknown Funcinpec chairman.

Vice director of the EDC and CPP member Men Sarum will now be in charge of the construction department at the EDC, a new department with no responsibilities, according to the source who added that the transition came about very smoothly.

When interviewed by the Post both Vinn and Sarum answered cautiously that the reform was in fact for the best for EDC and there was nothing to complain about.

Nobody knows whether the new staff will be any better. The source said: "With an average salary of $7 per month it becomes difficult not to be corrupt."

MOST VIEWED

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer

  • Singapore backs Cambodia's efforts on Myanmar

    Singaporean Prime Minister Lee Hsien Loong supports Cambodia in its efforts to seek a solution to the ongoing Myanmar crisis as the chair of ASEAN. Lee expressed his support during a meeting with Prime Minister Hun Sen via videoconference on January 14, with the talks focused