September 9, 2010
PHNOM PENH, Cambodia (AP) - A Chinese company says it will invest up to $3 billion in Cambodia's energy, property and metal processing sectors, according to an official.
Eang Sophalleth, an assistant to Prime Minister Hun Sen, said Thursday that Lin Xiang Wang, president of China's Erdos Electrical Power & Metallurgical Co., Ltd., unveiled the proposal in a meeting with the Cambodian leader.
The Chinese firm, in which Japan's Mitsui & Co. has a 25 percent stake, plans to build a 700-megawatt coal power plant in the coastal province of Preah Sihanouk, said Eang Sophalleth. It also plans investments in real estate and aluminum processing for both the local market and export,
The company did not reveal an exact timetable for its projects, but Hun Sen expressed his full support for the plans, he said.
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