CAMBODIA plans to spend more than US$100 million (RM417 million) on subsidies by 2021 to reduce electricity tariffs and spur economic growth.
The move is also to relieve the financial burden of businesses and households.
Cambodian utility company Electricite du Cambodge (EdC) director general Keo Ratanak told The Phnom Penh Post that the government had already spent some US$95 million (RM396 million) to reduce tariffs this year.
According to Ratanak, EdC generated about US$50 million (RM208 million) in revenue last year through the sale of electricity.
“This year’s earnings could be even higher because of the growing number of consumers, so the government will also have to increase their subsidies,” he said.
The tariff subsidies will be introduced during the next sitting of the General Assembly.
