This case study takes a deep dive into Cambodia’s multidimensional energy sector transition, a joint effort by the government of Cambodia and the ADB to reformulate how the nation approaches power generation: from thermal and large hydro to scalable, low-cost renewables; from bilaterally negotiated power purchase agreements to competitive international tendering; and from binary public or private operating and ownership structures to complex blended risk-sharing modalities. With 3 years of concerted and foundational work, the country’s first National Solar Park of 100MW has now been established, with the first competitively auctioned 60MW plant securing a record low tariff in the South-East Asian region—US$0.039/ kWh, nearly a third of what the nation was previously paying.
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