Prime Minister Hun Sen on Thursday met representatives of a US-Canadian power company and the Overseas Private Investment Corporation—a US government funding agency—to discuss building more power stations in Cambodia.
David Pinkman, chairman of Canada’s Jupiter Power International Co Ltd, which is operating a joint-venture company with the US-based Caterpillar Power Ventures International, said the meeting could result in good news for the country’s capitol.
The firm’s Cambodian subsidiary, Jupiter Power Cambodia Co Ltd, is already providing electricity to Pursat, Battambang and Kompong Chhnang provinces and plans to go on line with a 15-megawatt plant in Phnom Penh later this year, Pinkman said.
“Cambodia is hamstrung by a lack of power,” Pinkman said.
The International Private Investment Corporation is also considering funding Jupiter’s plans to expand power production in more provinces, Pinkman said.
Noting that the three provinces powered by Jupiter have not yet had an outage, Pinkman said a Siem Reap plant could be ready by the end of the year if the government approves it.
David Frantz, the investment corporation’s manager of project financing, said the corporation is considering financing Jupiter’s activities in Cambodia.
Canadian Ambassador Normand Mailhot, who attended the meeting at Hun Sen’s Phnom Penh residence along with US Ambassador Kent Wiedemann, lauded Jupiter’s contribution to the three provinces.
