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Cambodia energy report
- Cambodia aims to reduce its GHG emissions by 42% in 2030, compared to a BaU, and to raise the share of renewables in power generation to 70% in 2030.
- IPPs hold 85% of the power capacity.
- Foreign companies dominate the upstream and downstream oil sector.
- Power generation has increased 14-fold since 2010.
- Coal imports started to become significant in 2013 with the opening of the first coal plant and doubled to 4.7 Mt in 2023 with additional coal power capacities.
- After three years of continuous rises, oil prices decreased in 2023 and 2024.
- The government has introduced substantial subsidies to contain the rise in electricity prices, which remain amongst the highest in the ASEAN.
- Oil, biomass and coal are the main energy sources, accounting for 90% of total energy consumption.
- Around 86% of the coal is consumed for power generation.
- In its new Power Development Plan, Cambodia plans to invest US$1.8bn to improve its electricity transmission network.
- Following the Government's decision to stop building new coal plants, a new 900 MW gas plant is expected.