As part of the effort to increase the solar power in the country, the Electricite du Cambodge (EDC) signed a Transaction Advisory Services (TAS) mandate with ADB’s Office of Markets Development and Public-Private Partnership (OMDP) in September 2022 under which ADB is to provide support services on a program to identify a number of solar PV and battery energy storage system (BESS) projects across Cambodia with a total capacity of up to 2GW.

Under this mandate, ADB will help EDC conduct a nationwide study on opportunities for PV and BESS capacity to be implemented from 2022 through to 2030. ADB will also assist EDC in bidding out a 100MW PV and BESS project (“Pilot Project” or the “Project”) identified under the study to the private sector, under a public-private partnership (PPP) modality, which will build, finance and operate the project. The Pilot Project is expected to mobilize up to $100 million of commercial investments and serve as a model to replicate fast and efficient procurement of affordable renewable power in Cambodia.