Cambodia’s the Royal Group has secured 168.8 hectares of land in Koh Kong’s Botum Sakor National Park under a leasing agreement to develop a 700 MW coal power plant.
According to the National Assembly’s approved draft, the project is contracted under a power-purchase agreement with Electricite Du Cambodge (EDC). The agreement is a state guarantee that pays investors if the facilities fail to operate as per the purchase agreement. The USD 1.344 billion project will comprise two generators, of which the first will be a 350 MW generator that is scheduled to be commissioned in 2023 and the second of the same capacity by 2024.