ADB-Supported Solar Project in Cambodia Achieves Lowest-Ever Tariff in ASEAN

Published onSeptember 11, 2019

The auction for 60 megawatts (MW) of solar photovoltaic (PV) capacity conducted by Electricite du Cambodge (EDC), Cambodia’s national electricity utility, has led to the lowest bid of 3.877 cents (US dollar) per kilowatt hour by Prime Road Alternative Company Limited. The project, supported by the Asian Development Bank (ADB), drew 26 bidders, including several global companies, and has achieved the lowest power purchase tariff for a solar project so far recorded in Southeast Asia. The 60 MW project is part of a 100 MW National Solar Park and is structured as a public–private partnership. EDC is providing the land and transmission access, while the private sector will provide power generation capacity based on a long-term power purchase agreement with EDC.

Source: https://www.adb.org/news/adb-supported-solar-project-cambodia-achieves-lowest-ever-tariff-asean