Wednesday, 25 June 2008

Singapore's Asiatic wins $475 mln Cambodia power deal

SINGAPORE, June 25 (Reuters) - Singapore power firm Asiatic Group (Holdings) said on Wednesday that it has won a power supply contract in Cambodia worth potentially $475 million over a 99-year period.

Under the contract, Asiatic Group will supply power to the Phnom Penh Special Economic Zone (PPSEZ), a company statement said.

The contract is expected to add approximately $4.8 million a year to group revenue once the power plant is fully operational in 2009, it said. (Reporting by Ovais Subhani)

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