Sunseap Group 10MW solar power plant

29/8/2016
Project development, Project finance

$ 14 million

Announced

29/8/2016


Overview:

  • Sunseap Group 10MW solar power plant.
  • Singapore solar company Sunseap Group has won a government tender to build the first industrial-scale solar farm project in Cambodia that will be connected to the national grid.
  • It will be built 10km away from Bavet, a special economic zone of Cambodia in the Svay Rieng province.
  • Sunseap has entered into a 20-year PPA with the state electricity regulator Electricite du Cambodge under a PPP structure.
  • The solar farm is expected to commence operation by August 2017 and is expected to reduce Cambodia's greenhouse gas emissions by 5,500 tonnes of CO2 a year.

Wai Yee Tsang - Journalist

Jurisdiction:

Cambodia

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy


Firms:

Party: Sunseap Asset (Cambodia) (Borrower)


Party: Asian Development Bank (Lender)