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Cheung Sheng Global Holdings and the Cambodia Government works together to build Coal-Fired Power Plant

2014-06-26 17:38
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SIEM REAP, Cambodia, June 26, 2014 /PRNewswire/ -- The 1200MW coal-fired power plant project, invested and managed by Cheung Sheng Global Holdings (CSG), was formally inaugurated on June 26, 2014.

It is notable that the economic development in Cambodia for the recent years was largely hindered by its shortage in power supply. The power consumptions for a number of places, such as Phnom Penh and Siem Reap, have largely surpassed the power production capacity of the entire nation in the last ten years, when its economy rose rapidly. Nowadays, the majority of its power supply is acquired from its neighbouring countries, Thailand and Vietnam. With the gradual expansion of CSG in Cambodia, we have gained recognitions from both the political circle and the business world. Among which, the utmost eye-catching project is its 1200MW thermal power plant project, which generates electricity through heats provided by coal burning.

Cheung Sheng Global Holdings and the Cambodia Government works together to build Coal-Fired Power Plant
Cheung Sheng Global Holdings and the Cambodia Government works together to build Coal-Fired Power Plant

Led by Mr. Teo Wee Nam, executive director of the group and General Manager of the Cambodia Offices, the company successfully formed its partnership with the local government to establish the Cambodian Power & Electric Supply Co., Ltd. The company has been given relevant operational qualifications of coal-fired power plant, and began planning the construction and geographic distributions of the four 300MW power plants. Meanwhile, CSG is also given the controlling stake and entire administrative power of the joint venture company.

The construction of the four 300MW power plants, tentatively planned to be located in Sihanoukville, Cambodia. It is located near the coast line; main port of Cambodia, which is the most favorable location for importing coals and other relevant equipments.

This project is estimated to finish all technological inspection and preparation work in June 2015, and start construction by end of 2016. It will be divided into four phases and completion would be in late 2024. No doubt would the completion of its first phase in 2018 benefit the locals with the partial power supply of 1200MW.

Photo - http://photos.prnasia.com/prnh/20140626/0861404396

Source: Cheung Sheng Global Holdings

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