Cambodia, ADB's solar collaboration connects first 60 MW to the grid
- The Asian Development Bank (ADB) announced today that the initial 60 MW of the 100-MW solar photovoltaic or pv (PV) partnership with Cambodia's state-owned utility Electricite du Cambodge (EDC) were connected to the grid.
Referred to as the National Solar Park, the project was separated right into two phases-- 60 MW as well as 40 MW-- with international auctions arranged to bid out the schemes to the economic sector.
In order to perform the first stage of the PV plant, a tender was held in 2019 in which Prime Road Alternative Co Ltd became the winner with a bid of USD 0.03877 (EUR 0.038) per kWh, which was the lowest solar power acquisition tariff in Southeast Asia at the time.
China's Trina Solar Co Ltd (SHA:688599) bid USD 0.026 per kWh in the 2020 auction and won the competitors for the remaining 40 MW.
ADB just recently announced it will oversee a programme for the release of 2 GW of solar power capacity in the Southeast Asian nation. The financial institution authorized a deal consultatory services mandate with EDC regarding chances for mixed solar and battery storage development.