The Cambodian Council of Ministers has approved 23 new energy projects for 2024-2029 to address the country’s ongoing power shortages. The decision was made during a cabinet meeting chaired by Prime Minister Hun Manet on September 27 at the Peace Palace.
The projects include 12 solar power plants, 6 wind power projects, a combined solar-biomass plant, a gas-fired (LNG) power station, a hydropower project, and 2 large-scale energy storage facilities. 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. The initiative also supports Cambodia’s goal of achieving 70% clean energy by 2030, contributing to global greenhouse gas reduction targets.
In addition to strengthening the national grid, the projects are expected to create tens of thousands of jobs across provinces like Battambang, Pursat, and Ratanakkiri, offering on-site training and skills development for local workers. The state will also benefit from tax revenues generated during the operational phase, including income and dividend taxes.