The Asian Development Bank (ADP) is funding Sunseap via a $9.2 million debt package to build the project under a 20-year PPA with the country’s electricity regulator Electricité Du Cambodge (EDC) under a public-private partnership (PPP) arrangement.
The ADB financing package includes co-financing from a private sector financial institution through ADB’s B Loan program and a concessional loan from the Canadian Climate Fund for the Private Sector in Asia (CFPS).
The solar farm is expected to be operational by August of this year. It will be Cambodia’s first sun-powered electricity source to be connected to the national grid. It is expected to reduce Cambodia’s greenhouse gas emissions by 5,500 tonnes of carbon dioxide equivalent a year.
The Cambodian government is aiming for at least 70 per cent of all households to have access to grid-quality electricity by the year 2030 and 100 per cent to be electrified by 2020.
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