Japan firm buys share of new power plant

4 June 2014
The Phnom Penh Post
Coal / Economic policy and administration / Economy and commerce / Energy / Foreign investors / Generation and distribution facilities / Investment / Non-renewable energy production / Securities exchange (stock market) / Stock market
Cambodia Energy Limited / Cambodia Transmission Limited / Japanese aid / Leader Infrastructure Limited / Malaysian aid / Marubeni Corporation / The Philippines / Tokyo Electric Power Co / Tokyo Stock Exchange

In what looks to be a concerted push into the Southeast Asian energy sector, Japanese import and export conglomerate Marubeni Corporation has acquired a large stake of Cambodia’s power generation infrastructure. In a Tokyo Stock Exchange filing dated June 2, Marubeni announced it had purchased a 20 per cent share of Malaysian firm, Leader Infrastructure Limited. Leader Infrastructure operates Cambodia’s only 100-megawatt, coal-fired power plant in Preah Sihanouk province as well as a transmission network under subsidiaries Cambodia Energy Limited (CEL) and Cambodia Transmission Limited (CTL). The power plant, which cost more than $195 million to build, began operations in February. …

 Hor Kimsay
http://www.phnompenhpost.com/business/japan-firm-buys-share-new-power-plant