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What Is Different About Cambodia’s New Solar Project Tender?

What Is Different About Cambodia’s New Solar Project Tender?

January 4, 2021

On 1 December 2020, Cambodia’s public utility the Electricité du Cambodge (“EDC”) launched a tender for the second phase of its National Solar Park project. The first phase, 60MW, had been won by Prime Road Alternative of Thailand after a competitive tender in 2019.

Highlights of this note

  • Prime Road is the one to watch, but anything can happen
  • The pre-qualification conditions are not so difficult, and there are no local content or ownership requirements
  • The Cambodian PPA is bankable, and is attractive in the region
  • Comparison between Myanmar and Cambodia Solar PPAs
  • The land acquisition is not going to be a problem
  • How to manage the VAT in your bid?
  • Construction deadlines in the COVID era
  • My prediction

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What-Is-Different-About-Cambodias-New-Solar-Project-Tender.pdf

AUTHOR

Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions, oil and gas supermajors, a greenfield multi- billion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.
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