Why is electricity so important in Cambodia?

Electricity in Cambodia is at a crucial juncture as the nation aims to increase electrification rates and modernise its grid within the regional energy landscape. Despite having Southeast Asia’s second lowest electrification rates, Cambodia aims to drastically scale up its renewable energy capacity to reach 70% by 2030.

Can US companies use solar energy in Cambodia?

Opportunities exist for power generation and transmission equipment. The Cambodian government encourages usage of solar energy technologies, but U.S. companies are advised to review new regulations that might impact their business practices. Ministry of Mines and Energy

What is Cambodia's electricity supply?

The composition of Cambodia’s electricity supply is a blend of domestic production and international imports. In 2022, over 25% of the country’s energy was imported from Thailand, Laos and Vietnam. Due to the country’s high reliance on hydropower, power demand typically outstrips domestic supply during the dry season.

Does Cambodia buy electricity from neighboring countries?

In addition to local power generation, Cambodia also buys electricity from neighboring countries, especially during the dry season. In 2022, Cambodia’s total installed capacity amounted to 4,495 megawatts (MW), while 1,030 MW of power was imported from Thailand, Vietnam, and Laos.

What is Cambodia's power development master plan 2022-2040?

In its Power Development Master Plan (PDP) 2022-2040, Cambodia announced that there would no more investment of coal power plants after 2024, and renewable energy (domestic and imported) would play a significant role towards Cambodia’s transition to clean energy.

Does Cambodia have a power grid?

While the existing grid is lacking, Cambodia’s electricity system has significantly transformed over the last decade. Domestic energy production has been increasing at a rate of 8% per year since 2010. However, the country’s simultaneous rapid economic growth has created a power supply gap, primarily filled with imported electricity.