PHNOM PENH: The Cambodian government on Friday (Sept 27) approved 23 power investment projects totally worth US$5.79 billion for 2024-2029, aiming at addressing the shortage of energy sources, said a press release.
The approval was made during a weekly cabinet meeting chaired by Prime Minister Hun Manet (pic), said the press release after the meeting.
The planned 23 projects included 12 solar power projects, six wind power projects, one hybrid combined biomass and solar power project, one LNG-gas-fired project, one hydropower project, and two energy storage station projects.
"Of the 23 projects, there are 21 power generation projects with a total capacity of 3,950 megawatts, and two energy storage station projects that are capable of storing the power of 2,000 megawatts," the press release said.
The 23 projects have a total investment capital of 5.79 billion dollars, it added.
These projects will help strengthen Cambodia's energy security, increasing the development of domestic energy sources, and promoting the development of clean energy, it said.
The projects will increase Cambodia's share of clean energy generation capacity to 70 percent by 2030 from more than 62 percent at the present, it added. - Xinhua
