Cambodia buys power generator from Finland
CAMBODIA has of ficia lly signed an agreement to buy a power generator from Finland, according to Prime Minister Hun Sen’s officia l Facebook page.
The Cambodian government approved the purchase of the 200MW power generator from Finland for $175 million, with it set to further bolster Phnom Penh’s power supply.
Cambodia last month also agreed in principle to purchase a 200MW generator from Germany for $180 million.
The deal was signed in a meeting with Finnish Minister for Development, Cooperation and Foreign Trade Ville Skinnari on Wednesday, follow ing the World Trade Organisation’s annual rev iew meeting in Geneva, Switzerland.
Both generators will be insta lled at a new $ 380 million oil and liquefied natura l gas power plant in Koh Reah commune i n Kandal province’s Lvea Em district.
Deal with Chinese companies
Cambodia’s state-run electricit y supplier Electricite du Cambodge (EdC) signed an agreement with two Chinese companies last month to build t he new facilit y.
CGGC-Un Power will build the 200MW Finnish Wartsila power plant, with China National Heav y Machiner y Corporation insta l ling machiner y licensed by Germany’s MAN Energ y Solutions, a subsidiar y of Volkswagen AG.
The entire project will cost $ 380 million, with $ 300 million funded by the government and t he rest from EdC.
Some $ 355 million will be a llocated to t he plant’s construction and $25 million to other infrastructure, EdC said.
Also during the meeting, Hun Sen asked Finland to buy Cambodian milled rice after t he EU’s decision to impose tarif fs on it, informing t he Finnish minister t hat he felt the measure was unjust.
The EU in Ja nuar y decided to impose ta r if fs on t he Kingdom’s r ice imports due to t heir supposed impact on its member states’ r ice fa r mers, fol low i ng complaints f rom Ita ly a nd Spa in.
Hun Sen a lso invited the Finnish minister to v isit Cambodia to explore potentia l investments.