Electricite du Cambodge (EDC), an electricity utility in Cambodia has invited bids to implement a 60 MW solar project in the country’s Kampong Chhnang province through an international competitive bidding process. The project will be developed on a build own operate (BOO) basis.
The solar project is expected to support and boost the construction of solar photovoltaic (PV) power projects in Cambodia to help address the country’s need to expand low-cost power generation and diversify the power generation mix with an increase in the percentage of clean energy.
This project is in the initial phase of a 100 MW capacity solar power park, an associated substation and a transmission interconnection system to supply power to the national grid in the region.
The scope of work for the project includes developing, designing, financing, building, operating and maintaining the 60 MW solar energy project. The EDC will purchase the power generated from the project under a long-term power purchase agreement (PPA) to be executed between EDC and the developer. The ceiling tariff for bids is $0.076/kWh.
Proposals submitted are to be accompanied by an irrevocable and unconditional standby letter of credit or bank guarantee of $500,000 issued by a bank or financial institution licensed to do business in Cambodia.
The last day for submission of bids is May 17, 2019.
Southeast Asian countries have been actively pursuing solar in recent times. In July 2018, Mercom reported on Thailand’s B.Grimm Power and Vietnam’s Xuan Cau signing a development cooperation agreement for a 420 MW solar photovoltaic (PV) project located in Tay Ninh, south-west of Vietnam.
Image credit: Solar Green Energy (Cambodia) Co., Ltd