‘BRI to greatly benefit Cambodia’
Recent research by Moody’s Investors Service revealed Cambodia, which currently has a stable B2 credit rating, is among the countries with the greatest potential for reaping economic benefits from China’s Belt and Road Initiative (BRI). In the new report, Moody’s focuses on the potential long-term economic gains and near- to medium-term macro-stability risks for 12 […]
Asiatic Group subsidiary extends Cambodian energy contract
A UNIT of Catalist-listed engineering group Asiatic Group (Holdings) will keep on supplying power to a state-owned Cambodian electricity company, in an extension inked and announced on Thursday. Indirect subsidiary Colben Energy (Cambodia), which is 85 per cent-owned by Asiatic, has extended a power purchase agreement with Electricite Du Cambodge until Apr 30, 2022. Under […]
Chinese company unveils plans for solar investment in Cambodia
China Huaneng Group has unveiled plans to invest in a 200-megawatt solar project in Cambodia to help develop the Kingdom’s renewable energy industry. In a meeting on Sunday with Cambodian Prime Minister Hun Sen, held on the sidelines of the Belt and Road Initiative (BRI) Forum in Beijing, a representative of China Huaneng said the […]
Cambodia dreams of an oil gushing bonanza
Amid electricity cuts, parched hydropower dams and millions of dollars of blackout-related economic losses, a bright spot could be emerging on Cambodia’s energy front. After nearly two decades of false starts, Cambodia has announced it will begin to extract oil for the first time later this year, representing a potential rich new source of energy […]
Why Hun Sen can’t keep the lights on
Cambodia has been gripped by daily blackouts in recent weeks, leaving many parts of the capital Phnom Penh without power for most of the day. As temperatures spike during the region’s hot season, heated questions are rising about why the government can’t seem to keep the lights on. Prime Minister Hun Sen has blamed the […]
Cellcard, keeping Cambodia connected
Cellcard CEO Ian Watson said the team was working 24/7 to help ensure customers can continue to communicate at all times, despite the increasing power outages. Mr Watson said Cellcard has arranged further deployment of generators to support the network and help reduce outages in affected provinces. The teams are also ensuring extra capacity across […]
Hun Sen leaves Kingdom for Belt and Road Forum in Beijing
Prime Minister Hun Sen and his delegation left the Kingdom yesterday to attend the Belt and Road Forum in Beijing where a number of assistance agreements are expected to be signed. Mr Hun Sen was invited to attend the second Belt and Road Forum by Chinese President Xi Jinping. He is accompanied by deputy prime […]
Cambodia embraces Belt and Road Initiative
President Xi Jinping’s announcement of the Belt and Road Initiative (BRI) in 2013 was widely welcomed by many Asian countries. Studies suggest that there is a significant need of infrastructure development across Asia, including Southeast Asia. According to the ADB Report in 2017, Asia needs at least $8.2 trillion in financing infrastructure investment from 2010 […]
