Tenants of an industrial park, to be built through a joint venture between Cambodian and South Korean investors on a 102-hectares plot in Rolea Ba’ier district of Kampong Chhnang province, are to receive cheap electricity from an on-site solar farm, according to Chea Mong, the CEO of Asia Sunrise Teuk Haut, the company behind the project.
“We submitted documentation already and the [Council for Development of Cambodia] came to inspect the site in December, and we’ve already met with its SEZ board. We’re now just waiting on government approval,” said Mong, adding that they were prepared to invest $200 million to develop the park.
“Our partner [Power Engineering Co. Ltd of South Korea] has experience with solar energy and saw a good opportunity to invest in our SEZ because Cambodia still doesn’t use solar energy for its industrial sector,” said Mong. “All factories in the SEZ will be powered by solar energy, with any surplus going to the surrounding community.”
According to Mong, Power Engineering has lined up 20 companies in Hong Kong, Thailand and South Korea as potential tenants, with construction to be completed within a year once approval is granted, providing jobs for up to 20,000 people.
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