Japan to help Cambodia develop power project with 22 mln USD loan [-Cambodia owes $132.5 mln to Japan]

March 24, 2007

Japan will provide some 22 million U.S. dollars of low-interest loan for Cambodia to implement the Greater Mekong Power Network Development Project, local media said on Saturday.

Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Hor Namhong and Japanese Ambassador Fumiaki Takahashi signed the exchange of notes here on Friday in presence of Cambodian Prime Minister Hun Sen.

According to the notes, the Japan Bank of International Cooperation (JBIC) will offer the loan at an annual interest rate of 0.01 percent with a payment period of 40 years.

The loan will serve the construction of two power transmission cables between Sihanoukville and Kampot, improvement of the kingdom's electricity equipment, construction of power transmission network among Phnom Penh and its neighboring provinces and some other projects.

So far, the Japanese government has provided some 132,519,000 U. S. dollars of loans for the Cambodian government, according to a press release from the Japanese Embassy.

Source: Xinhua

China, Cambodia Sign Power Plant Agreement

Mony
VOA Khmer
Washington
16/02/2007

Cambodia and China have agreed Friday to build a power plant, including a power system that supply electricity to Phnom Penh and other major provinces, to cut down high costs of energy prices.

At the meeting, the two sides agreed to buy and sell electric power generated by the 120 megawatts hydroelectric system.

The bilateral agreement signed by the Ministry of Industry, Mines and Energy along with Yunan Corporation's chairman Guo Xiao Yong, and South East Asia Yunan Company- hopes to provide the country with unlimited supply of power, at a cheaper rate.