How will Cambodia's energy projects improve energy security?

These projects will generate a combined capacity of 3,950 MW, while the energy storage facilities will provide an additional 2,000 MW. With a total investment of $5.79 billion, the projects aim to ensure a stable and affordable power supply, enhancing Cambodia’s energy security by reducing reliance on energy imports.

Why is Cambodia investing $579 billion in energy projects?

With a total investment of $5.79 billion, the projects aim to ensure a stable and affordable power supply, enhancing Cambodia’s energy security by reducing reliance on energy imports. The initiative also supports Cambodia’s goal of achieving 70% clean energy by 2030, contributing to global greenhouse gas reduction targets.

How is energy used in Cambodia?

Total energy supply (TES) includes all the energy produced in or imported to a country, minus that which is exported or stored. It represents all the energy required to supply end users in the country.

How much money does Cambodia need to build a power plant?

Cambodia requires an estimated $9 billion investment to develop new power plants and expand the national grid. Between 2022 and 2025, $2.5 billion has already been approved for key energy projects. Opportunities for investment include:

How is Cambodia transforming its energy sector?

Cambodia is undergoing a significant transformation in its energy sector, balancing economic growth with sustainability. The government is implementing energy efficiency policies, expanding renewable energy sources, and modernizing infrastructure to reduce electricity costs and improve accessibility.

How much energy will Cambodia invest in 2024-2029?

The RGC approved on Sept. 23 last year power investment projects worth in total US$5.79 billion for 2024-2029, aiming at addressing the energy shortage. The projects will increase Cambodia’s share of clean energy generation capacity to 70 percent by 2030 from more than 62 percent at present, according to the ministry. Source: akp.gov.kh