Cambodian National Assembly approves four aluminum solar panel mounting structure projects over 140MW!

At the plenary meeting on December 23, the Cambodian National Assembly unanimously approved four solar power projects with a total installed capacity of 140 MW and approved a draft law to guarantee the capital of these projects.

The announcement of the Cambodian National Assembly states that in order to increase investor confidence, all responsibilities related to the project must be fulfilled, and financial institutions should send guarantee letters on behalf of the government.

The four provinces of Banteay Bunch, Battambang, Poussat and Swee Rien will build four solar power plants.

As the profession manufacturer for solar mounting structures, Kingfeels Energy will take this good chance and challenge to develop this market by high qualified solar structure products.

Specifically, Green Sustainable Ventures invested $ 17.5 million for a 20-megawatt solar power project in the 30-hectare town of Bavet (Svay Rieng Province). After the project is put into production, it can generate 34.67 million kilowatt-hours of electricity annually.

At the same time, Ray Power Supply Co Ltd will invest $ 28.8 million for a 30 MW solar power project in the Sereysophon region of Banteay Manic. The project will generate 50 million kilowatt-hours of electricity annually.

Risen Energy Co Lte will build an 80-hectare solar farm with a capacity of 60 MW in the Thatta Kol region (Bantam State). The project has an investment of 57.2 million US dollars and an annual power generation of 107 million kilowatt hours.

SchneiTec Infinite Co Ltd plans to invest $ 29 million in the construction of a 30 MW solar power plant in Croco District, Posat Province. The plant will generate 48 million kilowatt hours per year.

All of the above projects were developed in the form of construction industry development (BOO) and are expected to be completed by the end of 2020. According to the Cambodian Ministry of Mines and Energy, the Cambodian Electric Power Corporation (EDC) will purchase solar energy for $ 0.076 / kWh.

It is understood that Cambodia consumed 2650 MW of electricity in 2018, an increase of 15% over 2017, of which 442 MW of electricity was purchased from Thailand, Vietnam and Laos.

Cambodian is a large potential solar market with many large ground projects. The All aluminum solar panel mounting structure from Kingfeels Energy can well fit for this market. We will proactively develop the most suitable solar mounting structures to win a place in this market.