Cambodian Minister of Environment Welcomes Investment in Renewable Energy

H.E. Say Samal, Minister of Environment of Cambodia, received at the ministry office in Phnom Penh late last week a visiting delegation of Omni Navitas led by its CEO Mr. Jim McAuliffe.

According to the Ministry of Environment's news release, in the meeting, Mr. Jim McAuliffe expressed his company's intention to invest in solar energy in Cambodia.

In reply, H.E. Minister welcomed the investment plan on renewable energy which is potential in Cambodia, and encouraged the company to further work with the Council for the Development of Cambodia.

Omni Navitas is a U.S.-based solar energy developer. It has announced a plan to set up a US$500 million solar energy farm of 150-megawatts in Cambodia.

Local production of electricity rose to 81.4 percent last year, up from 77.9 percent in 2016 while the import of electricity from neighbouring countries decreased from 22 to only 18.6 percent during the same period.

Most of Cambodia's energy sources are hydropower dams, coal power plants, solar projects, and so on.

Source: Agency Kampuchea Press