Property News Roundup March 28th, 2023
We’re delighted to share the weekly news highlights below.
- Singapore’s Energy Market Authority agrees to import ‘low carbon’ electricity from Cambodia
The electricity from solar energy, hydropower, and potentially wind power, supported by battery energy storage systems or pumped storage hydropower, will be transmitted from Cambodia to Singapore via new subsea cables of more than 1,000km. Keppel Energy was granted approval to import 1 gigawatt (GW) of electricity from Cambodia to the country.
Mar 20, 2023 | Khmer Times | Link: https://bit.ly/3Tsfw85
- Chinese-invested tire factory in Cambodia goes into operation
The $300-million General Tire Technology (Cambodia) factory, located in Cambodia’s coastal province of Preah Sihanouk, is a subsidiary of Chinese tire maker Jiangsu General Science Technology and has already launched its operation. The 11-square-km industrial zone is the Southeast Asian country’s largest industrial zone in terms of size and occupancy.
Mar 20, 2023 | Khmer Times | Link: https://bit.ly/3FCFhNn
- The project of high-speed rail in Cambodia is under feasibility study by Chinese experts
Chinese infrastructure firm, CHINA METRO GROUP, has sent representatives to Cambodia to study the country’s transportation infrastructure development plans, particularly in the city.
Mar 21, 2023 | Construction Property | Link: https://bit.ly/3LAoz59
- Construction of Khmer-Thai Stueng Bat International Border Checkpoint 82% Complete
The construction of the Stueng Bat-Ban Nong Ean border checkpoint, a joint project between the governments of Cambodia and Thailand, is now 82% complete. The Stueng Bat-Ban Nong Ean border checkpoint aims to alleviate traffic congestion at the Poipet border gate, which is the largest and most important traffic flow between Cambodia and Thailand.
Mar 21, 2023 | Construction Property | Link: https://bit.ly/3yU5bsg
- Coal-powered power plant in Oddar Meanchey to open soon
The coal-powered electricity in Trapeang Prasat district is planned to operate in the near future, but the supply will be to Siem Reap and then to the substation in Samrong to supply Oddar Meanchey.
Mar 22, 2023 | Khmer Times | Link: https://bit.ly/3LKXNXI
- Phnom Kravanh National Park can provide about 20% of the total electricity for Cambodia
Phnom Kravanh National Park is considered as Cambodia’s giant bump motors and battery chargers, as it contains the potential to generate around 20% of the country’s total electricity from its water resources. There are more than 22 major rivers, plus hundreds of small streams and lakes as the source of water. Those natural resources are transformed to be hydropower dams with a total capacity of approximately 20 per cent of the country’s total electricity capacity.
Mar 22, 2023 | Construction Property | Link: https://bit.ly/3JsgJry
- A new road connecting Bokor National Park and NR4 reached 52km
The road connecting Bokor Mountain to NR at km 158 + 200, which passes through the economic land concession of Okhna Mong Reththy’s palm plantation, will provide easier access to the popular tourist destination of Bokor Mountain. A new road connecting Monivong Bokor National Park to NR No. 4 is now been cleared for 52 kilometers and only 9 kilometers away from completion.
Mar 23, 2023 | Construction Property | Link: https://bit.ly/3K0aBbm
- China remains as top supplier of raw materials to Cambodia’s garment industry
Cambodia acquires 80% of fabrics or raw materials from China and export finished products to other countries.
Mar 24, 2023 | Khmer Times | Link: https://bit.ly/3Z8QQ5P
- All construction built before the construction law was issued, must request an occupancy certificate
According to Prakas No. 177 DONS/PRK, dated December 6, 2019, building or factory owners who constructed without a construction permit or construction permit can apply for a construction permit at the one-stop shop of the MLMUPC.
Mar 24, 2023 | Construction Property | Link: https://bit.ly/42Dic7e
- As of 2022, Prey Veng provincial has 43 national-provincial roads with over 852km in length
Prey Veng Province has announced that it has a total of 43 national and provincial roads with a length of over 852km. The province has 6 national roads spanning 214.24km and 37 provincial roads covering 638.18km.
Mar 24, 2023 | Construction Property | Link: https://bit.ly/3ZbSWlx