Malaysia-based integrated electric power technology provider Pestech International Bhd. has won a $100 million contract to build a 220km transmission line from Stung Tatay Hydro Power Plant in Koh Kong province to Phnom Penh.
Its subsidiary Pestech (Cambodia) Ltd, has signed a contract with Cambodia-based Alex Corp to construct a hydro-electric power plant in Phnom Penh.
Pestech Cambodia will undertake the design, engineering, manufacturing, installation, testing and commissioning of the Stung Tatay Hydro Power Plant (HPP) – Phnom Penh Transmission System Project.
“The project will eventually see the commissioning of the 220km 230kV double-circuit transmission line from Stung Tatay HPP to Phnom Penh,” Pestech said in a filing with Bursa Malaysia, formerly known as the Kuala Lumpur Stock Exchange.
It would also supply, install and connect two 230kV line bays at the Stung Tatay hydro power plant switchyard.
No official at the Electricity Authority of Cambodia or at the Ministry of Mines and Energy could be reached for comment.
In February, the Cabinet approved the power transmission project in a bid to address the increasing demand for electricity.
The transmission will cost Alex Cooperation, the investment company heading the project, $136 million.
The company said the project was expected to commence within three months of the date of the agreement, and was expected to be completed within 36 months.
In November, Alex Corp, a Cambodian multi-faceted business entity, signed a 25-year power transmission agreement with the Electricity Authority of Cambodia, which is responsible for the generation, transmission and distribution of power.
For in depth analysis of Cambodian Business, visit Capital Cambodia