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Cambodia lacks funds to meet 2020 power target

Xinhua, January 19, 2016 Adjust font size:

Cambodia needs almost 1 billion U.S. dollars to provide electricity nationwide but lacks the funds to accomplish this, local newspaper reported on Tuesday.

The government does not have the ability to financeexpansion of electricity nationwide and that assistance from others and the private is necessary, Ty Norin, chairman of the Electricity Authority of Cambodia (EAC), was quoted by the Khmer Times as saying.

Perhaps the government could invest 400 or 500 million U.S. dollars, he said, adding that the rest of the funding would need to come from other countries.

According to a study by the EAC, currently, about 17 percent of the electricity used is imported from Vietnam, and about 4 or 5 percent is imported from Thailand. Electricity generated in Cambodia from hydropower and coal can be used to replace imported electricity.

Minister of Mines and Energy Suy Sem said about two-thirds of the country had access to electricity and that the goal is 100 percent access by 2020. Endit