Phnom Penh (FN), Nov. 11 – At the ASEAN Business and Investment Summit (ABIS) 2022 on Friday (Nov 11), the Royal Group through its subsidiaries Royal Group Power Company Ltd (RGP) and Keppel Infrastructure Holdings Pte Ltd (KI) through its subsidiary Keppel Energy Pte Ltd (KE) signed an exclusive agreement to review the feasibility of joint development and operation of renewable energy projects in Cambodia. This project has combined capacity of about 2,500 megawatts for export, of which 1,000 megawatts export to Singapore via a high-voltage submarine transmission line purchased by KE.
Cambodian economy and finance minister Aun Pornmoniroth presided over the signing ceremony of this preliminary agreement.
“Our exclusive Collaboration Agreement with Keppel to develop and export up to 1,000 MW of power from the Kingdom of Cambodia to the Republic of Singapore, along with developing the power transmission infrastructure to handle power export from Laos, represents ground-breaking cooperation between our two countries and our two companies,” Royal Group Power president Kith Meng underscored.
“It is a milestone for ASEAN cooperation. Our business-to-business cooperation will contribute greatly to the implementation of the broader ASEAN Power Grid by increasing Electricity Connectivity within ASEAN by implementing key elements of the joint statement issued by the Ministry of Mines and Energy of Cambodia and the Ministry of Trade and Industry of Singapore during the 40th ASEAN Ministers on Energy Meeting on the 16 September 2022,” Kith Meng added.
“This agreement is an important step to accelerate the development of renewable energy resources as well as seize the opportunities arising from ASEAN Power Grid’s vision of multilateral electricity trading beyond international borders, including the potential importation of low-carbon electricity into Singapore,” CEO of KI Cindy Lim underscored.
"Through this, not only can ASEAN transit towards a greener energy mix more rapidly, but it will also bolster the energy resilience of Singapore and the region. Keppel Infrastructure is pleased to grow its partnership with Cambodia and Laos and looks forward to working closely with Royal Group Power and PSG Corporation to provide scalable sustainable energy solutions and related infrastructure, to cater to the region’s growing demand,” Cindy Lim added.
Learn more: https://solarquarter.com/2022/10/31/keppel-signs-agreements-to-pursue-renewable-energy-opportunities-and-cross-border-interconnections-with-cambodia-and-laos/
=FRESH NEWS
