Regional Bank, IMF Note Risks to Government’s Dam Guarantee

21 February 2013
The Cambodia Daily
Aid and development / Asian Development Bank (ADB) / Development policy and administration / Economy and commerce / Energy / Environment and natural resources / Generation and distribution facilities / Hydropower dams / Investment / Multilateral development assistance / Renewable energy production
ADB / ANZ Royal Bank / Asian Development Bank (ADB) / Cambodia Outlook Conference / CDC / Cheam Yeap / Chinese aid / Council for the Development of Cambodia / CPP / economic performance / Electricite du Cambodge / Hydrolancang International Energy Co Ltd / hydropower dam / IMF / Infrastructure projects / International Monetary Fund / Kith Meng / Lower Sesan 2 dam / public-private partnership projects / risk management / Royal Group / state ownership / Stung Treng Province

The government’s guaranteed bailout of major infrastructure projects, such as the future 400-megawatt hydropower dam in Stung Treng province, requires a thorough assessment of forecasted risks – a capacity which the government currently does not possess, an Asian Development Bank (ADB) official said yesterday. Speaking on the sidelines of the 2013 Cambodia Outlook conference in Phnom Penh, Eric Sidgwick, country director of ADB, declined to comment directly on the $781 million Lower Sesan 2 dam, but said that in regards to public-private partnership projects, he would advise for the government to start small in terms of projects and risks. …

http://www.cambodiadaily.com/news/regional-bank-imf-note-risks-to-governments-dam-guarantee-11269/