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Description |
The Project entails construction and operation of the first utility-scale solar power project in Cambodia with capacity of 10 MWp DC. The Project is located in Bavet City, Svay Rieng Province, near the border with Viet Nam. The Project went through an international competitive bidding process which seeks public-private partnerships that are transparent, competitive, and provide a level playing field. The Project is therefore expected to unlock Cambodias underutilized renewable energy resources and set an important precedent in the renewable energy sector in the country. A consortium led by Sunseap, a leading solar developer from Singapore, has won the bid with a highly competitive tariff which is lower than the estimated average electricity supply cost in Cambodia. |
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Objectives and Scope |
The project is the first utility-scale solar power plant in Cambodia, and the first competitively tendered renewable energy IPP project in the country. ADB's leading role in the financing package of the project will help demonstrate the benefits of increasing Cambodia's power supply through low-cost PPP arrangements from indigenous, renewable energy sources; and signal to the government, investors, and international financiers that private sector-led infrastructure investments can be undertaken successfully in a transparent manner, at a competitive price, and with a sound financing package. |
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Linkage to Country/Regional Strategy |
The project is aligned with ADB's country partnership strategy, 2014 2018 for Cambodia, and ADB's Energy Policy. |
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