The Asian Development Bank (ADB) has signed a mandate agreement with Cambodia’s state-owned utility Electricité du Cambodge (EDC) to support the development of 2 GW of solar power projects in Cambodia.
Under this mandate, the bank will help EDC conduct a nationwide study on opportunities for additional solar power capacity in combination with a battery energy storage system (BESS) to be implemented from 2022 through 2030. The ADB will also assist EDC in developing a 100 MW pilot project identified under the study, which is expected to mobilize up to US$100m of investments and serve as a model to replicate fast and efficient procurement of affordable renewable power in Cambodia.
The mandate is expected to help Cambodia achieve its goal of reaching 3 GW of solar capacity in 2040 and carbon neutrality by 2050. At the end of 2021, solar represented 12% of Cambodia’s installed capacity with 377 MW but only about 3% of its power generation with 290 GWh.
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