Cambodia coal plant planned

The Electricity Generating Authority of Thailand plans to co-invest in a new coal-fired power plant in Cambodia to source 3,000 megawatts under a project worth up to US$4.5 billion.

The new project is in line with Egat's plan to diversify its power sources across the region.

Acting Egat governor Santi Sarntijaree said the state enterprise was negotiating with potential investment partners.

''We expect the Chinese government will hold the largest stake. Other stakeholders will be Cambodian authorities and Egat,'' he said.

Under the agreement, Egat would buy all of the electricity generated from the project.

The project would require investment of $4.2 to $4.5 billion, or 142.8 to 153 billion baht.

The figure assumes an average cost of $1.4 million per megawatt.

The electricity from the project is scheduled to link with the Thai national power grid after the completion of the Hongsa lignite project.

Mr Santi said that the project is the first energy collaboration between Thailand and Cambodia after long negotiations.

Previously, the two governments discussed a smaller 1,400-1,600 mw project, but decided on a larger project for cost reasons.

''To buy power from neighbouring countries is our top choice to secure power to meet Thailand's growing demand, particularly in case we are unable to build more power plants,'' he said.

However, power supplies from neighbouring countries still account for less than 20% of total power generation in Thailand