ADB will assist Cambodian utility EDC in bidding out a 100MW solar PV pilot project to the private sector which could mobilise up to US$100 million. Image: Mariana Proenca via Unsplash.
The Asian Development Bank (ADB) has signed a transaction advisory service mandate with Cambodian utility Électricité du Cambodge (EDC) to support the development of 2GW of solar power in Cambodia.
Under the mandate ADB will help EDC conduct a study on opportunities for solar power capacity addition co-located with battery energy storage system (BESS) to be implemented from 2022 until 2030.
Moreover, the ADB will also assist EDC in bidding out a 100MW pilot project to the private sector which is expected to mobilise US$100 million of investments and could serve as a model to be replicated for faster growth of renewables in Cambodia.
With the development of 2GW of solar power,…