Cambodia plans electricity price cut to revive economy
Phnom Penh (VNA) – The Cambodian government has issued a plan on reducing electricity tariffs for firms in four key sectors – manufacturing, agriculture, commercial and service – for five months to beef up the economy plagued by the COVID-19 pandemic. Accordingly, starting from June, electricity bills are expected to be reduced by 25 percent based on previous averages from […]
Virus puts Cambodia oil production into question
The coronavirus pandemic is expected to slow the development of the Apsara oilfield located at Cambodia’s offshore Block A of the Khmer Basin in the Gulf of Thailand, which is being developed by Singapore-based KrisEnergy Ltd. Ministry of Mines and Energy’s General Department of Petroleum director-general Cheap Sour told The Post on Monday that the […]
Thai-Cambodian talks on disputed oil fields expected to resume
PHNOM PENH: Negotiations on oil and gas development in the long-contested overlapping claims in the Gulf of Thailand between Cambodia and Thailand will resume soon after the viral pandemic ends, according to a Cambodian Ministry of Mines and Energy official. Cheap Sour, the director-general of the General Department of Petroleum, said the countries had not […]
B.Grimm’s solar project sees 20 percent complete
Thailand-based Energy Company B.Grimm Power said its solar project in Cambodia is 20 percent complete after the firm took over the project from a local power company late last year. B.Grimm completed the acquisition of local company Ray Power Supply Co Ltd last November for $300,000.
Energy conservation and cost-cutting measures
As the majority of the population opts to stay home during the pandemic, the domestic demand for energy has been running high. Data from the Mines and Energy Ministry stated as of last year, around 2.68 million households, or approximately 75 percent of the country’s households, are receiving electricity – all of which are expected […]
Cambodia Invites Firms for 4 Coal Mining Concessions
Cambodia’s Ministry of Mines and Energy is set to review applications soon for rights to four coal mining concession areas totalling 794 square kilometre, it opened late in March in the Kingdom’s north. It said “Interested national and international companies can apply for a mining licence at the General Department of Mineral Resources. It will […]
Bids sought for coal mining licences
The Mine and Energy Ministry has called on local and foreign companies to bid for the Kingdom’s coal mining exploration licences in Oddar Meanchey. The announcement wants both local and foreign private companies to apply for a licence to explore coal mines within a 200 square kilometre area in the province’s Ou Svay commune in Trapeang […]
KrisEnergy secures $87 million loan facility for Phase 1 of Apsara oil fields in Cambodia
KrisEnergy (Apsara) Company Ltd, the concession holder for Cambodia’s Block 1 offshore oil field has secured a credit facility agreement of $87 million. The credit facility agreement was signed with Kepinvest Singapore Pte and constitutes project financing for the funding of the funding of the development of the Group’s near-term development project at Cambodia Block A, […]
