Yuanta Reports

Omni Navitas plans massive solar farm in Cambodia

US-based solar energy developer Omni Navitas announced a plan to set up a $500mn, 150-MW solar energy farm in Cambodia, making it the largest in Southeast Asia by capacity. Jim McAuliffe, Omni’s CEO, said his company would need about 500 hectares of land to build the solar farm, estimating the construction process alone would employ 3,000 local workers. While McAuliffe did not provide details about the location of the project, a representative of a Cambodian firm that was participating in the project said the solar farm would be built in Koh Kong province. McAuliffe told reporters yesterday that he planned to meet with the Council for the Development of Cambodia (CDC) and had already negotiated potential prices for electricity with state-run Electricite du Cambodge (EDC), though there was no agreement yet. (Source: Phnom Penh Post)

Coporate News

01st February 2018


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