ISDN in tie-up to build Cambodia power plant

Mainboard-listed ISDN Holdings has taken a 33 per cent stake in a joint venture that will build an 80MW hydroelectric power plant in Cambodia.

The industrial automation firm will inject US$500,000 (S$679,000) as equity into the joint venture and another US$2.5 million as a shareholder loan representing the expected sum for the project’s initial development phase, it said yesterday.

The project has already received confirmation and guarantees from the Cambodian government for business rights for the construction of the plant and for the sale of electricity at a fixed price to the Cambodia Electric Power Corporation.

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