The Phnom Penh Special Economic Zone (SEZ) has signed an agreement with a Singaporean firm to pilot a solar panel system inside the industrial park, the SEZ said in a statement on Thursday. Cleantech Solar, which currently offers solar technology products in six Asian countries, will lease solar equipment to the SEZ, with the system expected to be operational by the end of April, the statement said.
“We [will] initially install panels on the administration building as a showcase to test the system and gain operational experiences,” Bob Anderson, deputy CEO of LCH Investment Group—which operates the SEZ—said in the statement.
“Phnom Penh SEZ is committed to being a socially responsible company and is always looking for ways to save tenants money,” said Stephen Evans, a representative of the SEZ. Cambodia’s electricity tariffs are among the highest in Southeast Asia, and a deterrent to investment in energy-intensive industries, according to the Asian Development Bank.
While experts have long touted the financial and environmental advantages of solar power, Cambodia continues to rely almost entirely on fossil fuels and hydropower.