The public bidding is now open for a 40 mW solar project in Kampong Chhnang province. The winning bidder will receive financing from the Asian Development Bank (ADB).
This project will provide a cumulative power of 100 mW once completed. It is the second stage of the Cambodia National Solar Park. Thai-owned renewable energy company Prime Road Power Co won the bidding process for the first stage, a 60 mW solar power plant. It is being financed by the ADB via a concessionary loan. The first stage’s bidding ended with Prime Road’s lowest bid of $0.3877 per kilowatt-hour being selected.
As per Mr. Victor Jona, director-general of energy at the Ministry of Mines and Energy, the bidding process will likely be complete next month. A few companies have applied and the final declaration of a winner will be made by the ADB.
Jona said that the lowest price bid is the most likely to win the project. The second stage of the plant will be stationed in the same location as the 60 mW solar station.
Recently, The Green Climate Fund has granted $300 million to the ADB. The bank said the funds will be utilised to support green infrastructure projects in ASEAN member nations, specifically in Cambodia, Indonesia, Laos and the Philippines.