KrisEnergy Charters Jack-Up Rig for Apsara Drilling. Platform to Sail Away Soon

Singapore-based KrisEnergy has signed a letter of award with Vietnam’s PV Drilling for PVD III jack-up drilling rig. The 2009-built rig will be used to drill five development wells at KrisEnergy’s Apsara Mini-Phase 1A development offshore Cambodia. The Apsara is an offshore development oil and gas asset located in the Khmer Basin of the Gulf of Thailand […]

Pursuit of coal power puts off international brands

A coalition of international companies that source from Cambodia have expressed concern over the Kingdom’s recent approvals of coal-fired power stations, which they say undermine its investment attractiveness. In a letter addressed to the government and set to be delivered to authorities later this month, the companies warned that Cambodia’s pursuit of new coal-power projects, instead […]

New coal-fired power plant in Cambodian national park commissioned

Phnom Penh (VNA) – The Royal Group, Cambodia’s biggest private firm of tycoon Kith Meng, has secured 168.8 hectares of land in Koh Kong’s Botum Sakor National Park under a leasing agreement to develop a 700 megawatt (MW) coal power plant, according to a government sub-decree. The sub-decree, signed by Prime Minister Hun Sen and released […]

Global Brands Say Future Orders at Risk Given Cambodia’s Increasing Coal Power

PHNOM PENH — Major global brands have raised serious concerns over Cambodia’s embrace of coal power plants, which they say is out of step with their environmental commitments and could risk future investments. The brands, who source garments and footwear from Cambodia, sent the letter to Economy Minister Aun Pornmoniroth on August 11, warning of […]

Pestech lists on exchange

Power transmission provider Pestech (Cambodia) Plc on Wednesday became the 13th company to list on the Cambodia Securities Exchange (CSX), following an arduous preparation process marred by the Covid-19 pandemic. In its initial public offering (IPO) Pestech Cambodia, a 100 per cent owned subsidiary of Malaysia-based Pestech International Bhd, issued 3.9 million shares (5.26 per cent […]

Cambodia’s shift to coal power riles global brands

PHNOM PENH — Cambodia’s embrace of new coal power projects is making the Southeast Asian state “less attractive” to international brands producing in the country. In a letter addressed to the Cambodian government and seen by the Nikkei Asian Review, several major companies expressed concern about the country’s plans to nearly triple the amount of power […]

New coal-fired power plant in national park commissioned

The Kingdom’s tycoon Kith Meng’s 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 megawatt (mW)  coal power plant, according to a government sub-decree.