CDC officially approves two hydropower projects worth over $ 400 million

Phnom Penh: Two hydropower projects worth more than $ 400 million have been officially approved by the Council for the Development of Cambodia to invest in Mondul Seima and Thmar Bang districts, Koh Kong province.

According to a release from the Council for the Development of Cambodia on November 21, the 70-megawatt Stung Russey Chrum Kandal hydropower project in Mondul Seima district and the 100-megawatt Veal Thmor Kambot hydropower project in Thmar Bang district Koh Kong province, which is behind the investment from KHMER ELECTRICAL POWER CO., LTD, has been officially approved by the CDC in the form of construction, business, and transfer (BOT) with an investment capital of approximately 447 million US dollars and can create 230 jobs.

In addition to the above large-scale projects, the Council for the Development of Cambodia on the same day also decided to grant investment rights to six other companies with an investment of about $40 million to operate in Cambodia, located in Kampong Chhnang, Kampong Speu and Phnom Penh with thousands of additional job opportunities.