Cambodia and ADB Launch $63.44 Million Energy Storage Financing

en.Wedoany.com Reported - On June 26, the Asian Development Bank advanced the financing arrangement for a large-scale energy storage project in Cambodia, with a financing scale of $63.44 million. The energy storage project plans to build a 250 MW/500 MWh battery energy storage system at the Takeo substation in southern Cambodia, aimed at enhancing renewable energy integration, improving grid stability, and meeting the growing electricity demand of industrial zones, agricultural product processing facilities, and urban areas.

The financing for the energy storage project includes $40 million in concessional loans, a $5 million grant from the Asian Development Fund, and $18.44 million in co-financing from the Green Climate Fund and the United Kingdom through the ASEAN Catalytic Green Finance Facility. The project will also adopt grid-forming inverter capabilities, enabling the energy storage system to provide frequency control and grid support functions.

The Asian Development Bank and Electricité du Cambodge have launched the bidding process for project design and construction, with the bid submission deadline set for August 20, 2026. Once completed, the energy storage project will support Cambodia in expanding its renewable energy utilization and provide backing for cross-border electricity trading with Vietnam and interconnection with the ASEAN power grid. The construction period for the energy storage project is expected to be completed within 12 months after the contract takes effect.

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