National Assembly Passes Power Measure
By Chun Sakada, VOA Khmer
Original report from Phnom Penh
08 May 2008
The National Assembly on Thursday approved a measure to guarantee
compensation to Power Synergy Corporation for the operation of a power
plant.
Power Synergy, a joint Cambodia-Malaysia venture, plans to invest $400
million to establish a coal plant in Sihanoukville, which some
officials say will help power Cambodia and reduce electricity costs.
The new measure protects compensation for the plant in the event of
political upheaval.
Cambodian People=92s Party lawmaker Chiem Yeap said the plant will
produce electricity for Cambodians and tax revenue for the government.
But opposition Sam Rainsy Party lawmaker Yim Sovan said the agreement
was unlikely to reduce the present price of electricity.
Kong Vibol, secretary of state for the Ministry of Economy and
Finance, told the National Assembly the agreement met international
standards.
http://www.voanews.com/khmer/2008-05-08-voa3.cfm
