A South Korean company on Monday completed a $100,000 energy-efficient street light initiative in Pursat province, and said it will now invest $100 million to construct a factory to manufacture the lights, officials said.
The Global Digital Media Group Co. Ltd. installed 200 light-emitting diode (LED) street lights along 6 km of National Road 5 leading to the provincial capital, Pursat City, said Suy Sem, minister of mines and energy, at a ceremony to mark the installation.
“The strengthening of the use of LED and renewable energy will help reduce climate change,” he said. “I hope that the cooperation of relevant state institutions and the private sector will allow us to implement the use of these LED lights along the streets in cities and downtown areas in the future.”
LED street lights operate on significantly less wattage than other light systems, and are expected to last 10 to 15 years, cutting costs over time.
Yoo Ri Na, CEO of Global Digital Media, said her company would invest $100 million in a factory in Kandal province’s Takhmao City that would produce LED lights for both local consumption and export. “For the first phase, we will hire 5,000 to 10,000 people. We are now working on the project,” she said.
Ms. Ri Na said she would announce more information about the planned factory in September.