We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.
The Phnom Penh power station supports Cambodia’s decarbonization goals. The 200-MW facility’s 11 dual-fuel engines can operate on heavy fuel oil today, with a goal of using much-lower-emission natural gas when the necessary infrastructure is constructed in the future. The technology is uniquely suited for developing countries that want to reach their climate targets but also want to expand their economies.
Cambodia has undergone a significant transition during the past two decades, reaching lower-middle-income status in 2015 and aspiring to attain upper-middle-income status by 2030, according to The World Bank. The country’s economy has expanded greatly over the years, due in large part to garment exports and tourism, among other things. In fact, Cambodia sustained an average real growth rate of 7.7% between 1998 and 2019, making it one of the fastest-growing economies in the world.
Rapid economic growth, coupled with a tariff reduction policy, has caused demand for electricity to also increase dramatically in Cambodia over the past 20 years. The International Energy Agency reports Cambodia’s total electricity consumption grew exponentially from 0.4 TWh in 2000, to 8.65 TWh in 2018. Much of the growth in the electricity supply was fueled by biomass and oil, but coal generators and hydropower plants were also added to the mix during that time.
Read full article: source
Leave a comment