Business Times
http://www.btimes.com.m
http://www.btimes.com.m
MALAYSIA'S Leader Universal Holdings Bhd will invest US$160 million in a new coal-fired power plant in Sihanoukville, Cambodia, to meet the local increasing demand for electricity, Vietnam News Agency (VNA) reported.
Presently, the capacity of all power plants in the Southeast Asian nation is only around 410MW while the demand is estimated at 808MW, according to the local state-owned power company, “Electricite du Cambodge”.
The power plant with a designed capacity of 100 MW is scheduled to commence its operations in 2012 after two years of construction, said Leader’s Managing Director Sean H’ng Chun Hsiang.
The company is leading wire and cable producer located in Penang. The Group's principal activities are manufacturing and selling telecommunication, power and optical fibre cables, and various electronic wires.
Other activities include providing power generation services, property development, letting of properties, insurance agent and investment holding.
Besides Malaysia and Cambodia, the Group also carried ot projects in Singapore, Saudi Arabia, Hong Kong, Belgium and Saudi Arabia.
Sean also revealed a plan to develop a 700MW power plant in Sihanoukville and the project will start after the completion of the 100MW plant in 2012.
Cambodia currently relies on importing electricity, with 220 MW from Vietnam and 30 MW from Thailand. - Bernama
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