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The Asian Development Bank (ADB) has signed an agreement with Cambodia’s national electricity utility Électricité du Cambodge (EDC) for the development of 2 GW of solar capacity.
EP Shanghai 2024
ADB will work with EDC to identify opportunities for additional solar power capacity combined with battery energy storage systems (BESS), to be implemented over the next eight years. The bank will also help EDC in arranging the bid for a 100 MW pilot project to the private sector. The successful bidder will be responsible for building, financing, and operating the project. The pilot project will involve an investment of $100 million.
Development of 2 GW of solar capacity is part of the Cambodian government’s plan to meet growing energy demand by adopting renewable energy and boosting energy efficiency.