Cambodia promotes clean energy development

October 08, 2024 | 15:25

(0) user say

Phnom Penh – The Royal Government of Cambodia is focusing on boosting clean and renewable energy in alignment with sustainable development goals as evident in the group of power projects approved for the 2024-2029 period.

The government’s commitment to sustainable energy was reaffirmed by Minister of Mines and Energy Keo Rottanak during the recent “Cambodian Energy Policy” forum held at the Royal University of Phnom Penh.

Among the 23 newly approved energy projects, totalling an investment of 5.79 billion USD, are 12 solar power projects, six wind power ones, and a mix of other renewable energy ventures. They include 21 electricity generation projects with a total capacity of 3,950 MW, predominantly from clean energy sources.

This move will ensure Cambodia meets its growing energy demand at affordable prices while working toward its goal of having 70% clean energy by 2030.

Minister Rottanak affirmed Cambodia’s dedication to clean energy and environmental protection, emphasising that the country will not develop hydropower on the Mekong River’s main stream and has halted new coal power projects.

Vietnam has spent over $1 billion on cashew nuts from Cambodia in 2024

Despite being renowned as the world's leading producer and exporter of cashew nuts, Vietnam has purchased nearly 95 per cent of Cambodia's total raw cashew nut output in the first seven months of this year.

NextBold Capital eyes $100 million fund to back SMEs in Vietnam, Cambodia, and Laos

NextBold Capital, a private equity firm focused on supporting the growth of small- and medium-enterprises (SMEs) in Southeast Asia, is raising its first fund to invest in SMEs across Vietnam, Cambodia, and Laos.

By VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional