India looking to renewable energy investment in Cambodia

Photograph Indian investors are looking for opportunities to develop the energy sector in the country by focusing on renewable energy. The Association's independent power producer in India (IPPAI) yesterday held a seminar in Phnom Penh on energy development participation by the Ministry of Mines and energy, Cambodia EAC Embassy of India and the Indian Chamber of Commerce for energy investment opportunities in the country. This event is to discuss with the government the Indian Chamber of Commerce and other stakeholders to explore investment opportunities in the country. According to the CEO Harry Dhaul IPPAI. He said: 'competitive electricity prices and favorable foreign investment policies allow the country to become a location that should interesting for the development of the energy market, energy efficiency, and does not rely on imports from neighboring countries. Mr. Naveen Srivastava, India's ambassador to Cambodia, said the country in recent years has grown stronger in securing energy supply while investing more in the sector. He said: 'The government recently announced plans to park solar panels and 110 megawatts Embassy Send this information to IPPAI and other Indian companies from the project. I hope that this project can start practical cooperation. He added that India had already participated in the development of the energy sector in the country through the implementation of transmission line energy between Kratie and Stung Treng province. He said: 'We have indicated to the government of our intention to partner in projects future associated with the development of energy resources. Ith Prang, secretary of the Ministry of Mines and Energy, said that most of the energy and electricity sector one of the key priority areas that the government must Pay attention to the most closely. He said: 'The development of the energy sector is an important factor in bolstering economic growth since the electricity is essential not only for the use of everyday life, but also the most crucial support to your spine other sectors, such as services, handicraft industry, commerce and trade, agriculture, and all types of businesses as well. The government set a target of 2020 that everyone can use any type of electrical and 2030 At least 70 percent of households have access to electricity. According Ith Prang. According Ith Prang Until now, hydro power plant after 6 launched the total installed capacity of about 928 MW, which contributes about 33 percent of power generation sources. He said: 'separate coal-fired power plants, our installed capacity of 370 MW contributed 37 percent of the power supply. He added: Use for the country as a whole amounted to 5 990 million kilowatt hours, compared with the previous year which is an increase of about 27 percent. Our energy consumption per person is about 400 kilowatt hours