Hong Lai Huat Group Ltd has signed a memorandum of understanding (MoU) with China Machinery Engineering Corp. (CMEC) for the development of a 200 MW solar photovoltaic facility in Aoral Eco-City in Cambodia.
The two companies have signed a non-binding agreement to create a special purpose vehicle (SPV) and collaborate for at least 20 years, with an optional 20-year extension. CMEC will provide one-stop, complete plant solutions for the solar project that includes preliminary planning, engineering, procurement and construction (EPC), financing, operation and maintenance.
Once the project enters operation, the energy produced from the plant will be sold to state-owned Electricite du Cambodge (EDC) while Hong Lai Huat will have the first right to purchase electricity at the same rate as EDC. Hong Lai Huat Group and EDC will share the revenue under the PPA upon closing the deal.
Country updates
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March 25, 2021
39 MW solar project in Banteay Meanchey connects to grid
The 39 MW solar photovoltaic facility in Banteay Meanchey province of Cambodia has been connected to the electric grid. China's JA Solar has supplied solar PV modules for the project as contrac...
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March 01, 2021
ADB approves US$16mn loan for 60 MW solar project in Kampong Chhnang
Asian Development Bank approves the US$16 million loan for the 60 MW solar photovoltaic project planned in the district of Teuk Phos, Kampong Chhnang province of Cambodia. The project requires...
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November 22, 2019
B.Grimm to acquire 30 MW solar PV project in Serei Saophoan
B.Grimm Power PCL, a subsidiary B.Grimm Solar Power, has agreed to purchase the 100% share of Ray Power Supply Co., Ltd in the 30 MW solar photovoltaic project in Cambodia, for a total share...
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July 10, 2019
Cambodia's EDC launches RFP for first phase of 100 MW National Solar Park project
The Cambodian state utility Electricité du Cambodge has launched the request for proposal (RFP) to six consultancy firms to advise on the 60 MW initial phase of the 100 MW National So...
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June 06, 2019
ADB to provide financing for 100 MW solar project in Cambodia
The Asian Development Bank (ADB) has approved a US$7.64 million loan to support the construction of a 100 megawatt (MW) solar power park in Cambodia. In addition to ADB’s loan, the financing pa...
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