How much energy will Cambodia invest in 2024-2029?

The RGC approved on Sept. 23 last year power investment projects worth in total US$5.79 billion for 2024-2029, aiming at addressing the energy shortage. The projects will increase Cambodia’s share of clean energy generation capacity to 70 percent by 2030 from more than 62 percent at present, according to the ministry. Source: akp.gov.kh

Will Cambodia stop coal power plant investments after 2024?

The government has pledged to cease new coal power plant investments after 2024 and prioritize renewable energy, aligning with its Power Development Master Plan (PDP) 2022-2040. In March 2023, Cambodia launched the Principles for Permitting the Use of Rooftop Solar Power, ensuring transparency and accountability in solar energy adoption. FACT

How much money does Cambodia need to build a power plant?

Cambodia requires an estimated $9 billion investment to develop new power plants and expand the national grid. Between 2022 and 2025, $2.5 billion has already been approved for key energy projects. Opportunities for investment include:

How will electricity efficiency policy work in Cambodia?

The policy will be enforced through the Ministry of Economy and Finance, working alongside customs and tax departments to regulate imports. By setting clear electrical efficiency standards, Cambodia aims to minimize wasteful energy consumption, potentially eliminating the need for additional power plants.

What challenges does Cambodia face in achieving its energy goals?

Despite progress, Cambodia faces challenges in achieving its energy goals: High electricity costs due to transmission inefficiencies and fossil fuel dependency. Limited rural access, requiring innovative off-grid solutions. Environmental concerns over hydropower projects impacting ecosystems.

How is Cambodia transforming its energy sector?

Cambodia is undergoing a significant transformation in its energy sector, balancing economic growth with sustainability. The government is implementing energy efficiency policies, expanding renewable energy sources, and modernizing infrastructure to reduce electricity costs and improve accessibility.