ISDN Holdings buys 33% stake in 80MW Cambodian hydropower project

It will invest a total of $4.07m into development.

The energy unit of Singapore-listed ISDN Holdings bought a 33% stake in a Cambodian hydropower project, according to a bourse filing. It will inject $678,400 (US$500,000) as equity and another $3.39m (US$2.5m) as shareholder loan during the development phase of the project.

The hydropower plant will have a 80MW capacity and will have a large-scale water storage capacity in Pursat Province, Kingdom of Cambodia. The project has already received confirmation and guarantee from the Cambodian Government for the business rights for the construction of the power plants and for the sale of electricity at a fixed price to the Cambodia Electric Power Corporation.

The JV company with Tokyo listed eREX Co. Ltd. and Cambodian company, Asia Energy Power Co. Ltd is incorporated in Singapore and called SPHP Co Pte Ltd (SPHP). eREX and Asia Energy own 34% and 33%, respectively.

At the end of 35 years from the start of operations for the Project, SPHP will transfer operating rights of the Project to the Cambodia Electric Power Corporation.