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The "Green Giant" — 500MW Biomass Power Complex

📍 Stueng Treng Province, Kingdom of Cambodia
USD 1.254B
Investment (100% debt-financed)
16.4%
Project IRR
$2.84B
NPV
35 yrs
Fuel supply & PPA term

Project overview

A government-endorsed 500MW baseload biomass power complex designed to serve as Cambodia's primary domestic backup for Lao PDR energy imports. The project includes a 240,000-hectare sustainable forestry concession, ensuring a perpetual fuel supply for 35 years.

Key features

  • Technology Circulating Fluidized Bed (CFB) with N+1 redundancy
  • Fuel supply 240,000-hectare "Perpetual Loop" concession with 48-block rotation
  • Power Purchase Agreement 35-year "Take-or-Pay" PPA with EDC
  • Sovereign guarantee Backed by the Ministry of Economy and Finance (MEF)
  • Tax incentives 9-year corporate tax holiday, 100% duty-free imports
  • Collateral USD 3.6 billion in sovereign land equity (3.8x coverage)
Meeting at Electricité du Cambodge headquarters, November 2025
Group photo at the EDC Headquarters following the technical meeting on 20 November 2025. Convened through the facilitation of Mr. Uon Vichetr, Secretary General of the Energy Project Coordination Secretariat, Ministry of National Defense, the session was presented by the EDC Technical Director and focused on power network infrastructure and technical responses to proposed projects, including the 500 MW biomass initiative.
  • Exclusive Project Coordination Secretariat for the Ministry of National Defense
  • Technical bridge between the sovereign owner (MOD) and international financiers
  • End-to-end execution management of the USD 1.254 billion investment

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