Cambodia emergency energy storage power supply price

How will Cambodia's energy projects improve energy security?

These projects will generate a combined capacity of 3,950 MW, while the energy storage facilities will provide an additional 2,000 MW. With a total investment of $5.79 billion, the projects aim to ensure a stable and affordable power supply, enhancing Cambodia’s energy security by reducing reliance on energy imports.

What is Cambodia's electricity supply?

The composition of Cambodia’s electricity supply is a blend of domestic production and international imports. In 2022, over 25% of the country’s energy was imported from Thailand, Laos and Vietnam. Due to the country’s high reliance on hydropower, power demand typically outstrips domestic supply during the dry season.

How much energy does Cambodia need?

In absolute terms, Cambodia’s primary energy supply is projected to increase from 7.02 million tonnes of oil equivalent (Mtoe) to 15.24 Mtoe during the period, while final energy demand is also expected to rise from 5.93 Mtoe to 11.77 Mtoe (Kimura and Han, 2019).

Why is Cambodia investing $579 billion in energy projects?

With a total investment of $5.79 billion, the projects aim to ensure a stable and affordable power supply, enhancing Cambodia’s energy security by reducing reliance on energy imports. The initiative also supports Cambodia’s goal of achieving 70% clean energy by 2030, contributing to global greenhouse gas reduction targets.

Why are electricity prices so high in Cambodia?

The high electricity cost for consumers results from the quantity of imported energy and the outdated energy grid. Electricity prices in Cambodia are among the highest in the region, topping USD 0.137 per kWh. This is considerably more than neighbouring countries.

Does Cambodia have a strong energy security?

While Cambodia is expecting indigenous oil production with the completion of its oil refinery by the end of 2019, the current energy security of Cambodia remains weak, with rising oil imports to meet the growing energy demand in the country.