Wednesday, May 31, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Solar power becoming an increasingly viable solution for Cambodia businesses

May 21, 2020
in ASIA, Business, Cambodia, National
0
Solar power becoming an increasingly viable solution for Cambodia businesses
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

New modelling has shown the average cost for solar electricity has dropped “dramatically” over the last decade, becoming an increasingly viable solution for the local businesses who repeatedly state a lack of affordable electricity as a major burden to profitability.

According to data released by market researcher BloombergNEF over the past 10 years, average global solar prices have dropped from $0.27 per kilowatt-hour (kWh) in 2010 to $0.5 per kWh in 2020 (with current grid-power costs in Phnom Penh are at approximately $0.22 per kWh).

In addition, the common complaint of solar power being the price of electricity storage (ie batteries) has also been reducing, with the levelised cost of power storage facilities falling to $0.15 kWh, approximately half of the price it was two years ago, according to the same report.

Average figures stated have been based upon the entire cost of producing the power and accountsfor the development, construction and equipment, financing, feedstock, operation and maintenance. One kilowatt-hour could run a 100-watt light bulb operating for 10 hours or so.

Besides the increasing economic benefits, organisations are also calling on Cambodia to embrace the reliable energy source for environmental purposes too. British Ambassador Tina Redshaw stated climate change and renewable energy is “top on her list for policy initiatives in the country”.

“The United Kingdom is hosting, the now postponed 26th United Nations Climate Change conference next year, hence our embassy has been focusing on how we can work with the Ministry of Environment and the National Council for Sustainable Development in their approach to climate change and sustainable energy provisions,” Redshaw said.

“As we have seen the price of solar drop we have seen an increased interest in the Cambodian Government to get more involved with solar energy. This has resulted in a huge shift over the last 18 months for local policymakers wanting to install more solar energy into the national grid,” she added.

Minister of Mines and Energy Suy Sem has previously stated the continuing upward trend of power consumption in Cambodia means the government must continue to find other sources of reliable energy to ensure demand is met to build infrastructure projects, give stability to businesses and provide electricity to the people.

“The development of power sources and increasing the capacity of power generation, transmission, distribution and electrification to businesses and consumers are our main tasks. We have been constantly developing new power sources and increasing the supply to meet the nation’s power demands,” Suy said.

There are five solar parks now being fast-tracked this year so they can be connected to the national grid as soon as possible, spread over Svay Reign, Pursat, Kampong Speu, Battambang and Banteay Meanchey provinces.

The five projects are estimated to cumulatively boost the nation’s annual power supply by a total of 160 mW. The total amount of electricity available for the country last year was measures at 3,382 megawatts, up 28 percent from 2,635 mW in 2018.

With the Kingdom’s main electricity sources being from hydroelectric dams and coal-fired power plants.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: Banteay MeancheyBattambangCambodiaKampong SpeuPhnom PenhPursatsolar power
Previous Post

Cambodia Ports report big decline in profit due to COVID-19

Next Post

Fire at LG Chem’s catalyst plant in South Korea leaves 1 dead, 2 injured

Related Posts

Chinese tiremakers bet on recovery via new plants in Cambodia

Chinese tiremakers bet on recovery via new plants in Cambodia

by Khmer Times
May 30, 2023
0
0

Manufacturers in China, the world’s largest producer and exporter of tires, are building factories abroad in an optimistic mindset to...

Cambodia Mekong River cruise business ‘slowly’ getting back on track

Cambodia Mekong River cruise business ‘slowly’ getting back on track

by Khmer Times
May 30, 2023
0
0

Mekong River cruise business is getting back on track, but at a slow pace, according to a prominent player in...

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

by Khmer Times
May 30, 2023
0
1

South Korean eco-friendly electric two-wheel vehicle supplier Verywords Co Ltd inaugurated its plant to assemble electric scooters in Kandal province,...

Most Popular

2 Chinese tourists’ naked bodies found in Bali hotel

2 Chinese tourists’ naked bodies found in Bali hotel

May 6, 2023
221
Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

December 12, 2020
3.6k
Harry takes a seat at coronation, but no balcony appearance

Harry takes a seat at coronation, but no balcony appearance

May 8, 2023
6
At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

October 30, 2022
116
Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

May 19, 2023
4
Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

April 27, 2023
4

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!