28-03-2008
The Edge Daily (Malaysia)
KUALA LUMPUR: Leader Universal Holdings Bhd’s upcoming 200MW coal-fired power plant in Cambodia will supply electricity to state-owned Electricite du Cambodge (EDC) under a 30-year power purchase agreement (PPA).
Leader told Bursa Malaysia it had also signed an implementation agreement with the Cambodian Industry, Mines and Energy Ministry for the project. The deals were inked yesterday.
“Discussions are still ongoing with the turnkey contractor on the engineering, procurement and construction works. The financial adviser is also in the midst of making the necessary arrangement on the project financing,” Leader said.
Both agreements followed a joint venture (JV) deal between Leader and MKCSS Holdings Co Ltd in November 2006 to bid for the electricity project in Sihanoukville.
The Cambodian government had awarded the job to both companies in February 2007, and subsequently a JV company, Power Synergy Corporation Co Ltd (PSC), was formed to undertake the project.
Under the PPA, PSC will build four 50MW coal-fired electricity generators, and a double-circuit 230 kV transmission line. The base tariff has been fixed at US$0.07212 (23 sen) per kilowatt-hours with indexation.
Leader told Bursa Malaysia it had also signed an implementation agreement with the Cambodian Industry, Mines and Energy Ministry for the project. The deals were inked yesterday.
“Discussions are still ongoing with the turnkey contractor on the engineering, procurement and construction works. The financial adviser is also in the midst of making the necessary arrangement on the project financing,” Leader said.
Both agreements followed a joint venture (JV) deal between Leader and MKCSS Holdings Co Ltd in November 2006 to bid for the electricity project in Sihanoukville.
The Cambodian government had awarded the job to both companies in February 2007, and subsequently a JV company, Power Synergy Corporation Co Ltd (PSC), was formed to undertake the project.
Under the PPA, PSC will build four 50MW coal-fired electricity generators, and a double-circuit 230 kV transmission line. The base tariff has been fixed at US$0.07212 (23 sen) per kilowatt-hours with indexation.
7 comments:
again, cambodia please be careful of allowing coal-powered plant of producing electricity to do business in cambodia as it is can not be a long-term benefit for cambodia, not to mention the bad health effect it can creat with its mega scale. and the other thing to consider as well is the cutting down of trees to make coals to power this plant. the long, serious effect is not worth the head later on in cambodia. still one of the best solution is to build mega dam as water is more safe both for drink, irrigation, and producing electricity. also, look into the solar energy sources as well, and i suggest as the west or japan for technical assistance with producing electricity as these countries are way advanced in the electricity production capability. thank you for thinking about cambodia's future prosperity for all its citizen and nation as a whole. may god bless cambodia.
I hear you bro, but we need it right now, how we can switch to something else as soon as we can. In any case, don't panic; we are talking peanut 200MW power only.
correction: I hear you bro, but we need it right now; we'll switch to something else as soon as we can. In any case, don't panic; we are talking peanut 200MW power only.
It is a balance between technology and money. It is nice to go with clean energy and affordable but for now coal is much cheaper. May be it is a temp. solution until Cambodian economy getting better.
Correct, and on the same line of thought, it is good to have all types of plants available. I mean if we can't get coal later, we can switch to oil, and if we can't get oil, we may switch to hydroelectric, and yariyariyariya ...
I hope the Malaysian company possesses the coal gasification technology which will help promote clean burning power plant otherwise the Malaysian company can kiss Cambodia the best of good bye!
Check it out!
http://www.advantica.biz/Default.aspx?page=1165
Sounds like something worth trying out.
Post a Comment