Four solar projects, representing a total output of 140 megawatts, were approved during a plenary session of the National Assembly yesterday.
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Each solar farm will be built in a different province – Banteay Meanchey, Battambang, Pursat, and Svay Rieng.
Yesterday, the National Assembly approved a draft law on payment guarantees on the projects.
“To increase investor confidence that all obligations surrounding the projects will be fulfilled, the financial institutions must issue guarantee letters on behalf of the government,” the National Assembly said in a statement.
