SAMAIDEN Group Bhd’s indirect wholly owned unit, Samaiden Energy (Cambodia) Co Ltd, has signed a memorandum of understanding (MoU) with Mong Sotheary Trading Co Ltd (MST), Management Venture Asia (Cambodia) Ltd (MVA) and Panna Energy Sdn Bhd for the development of a biogas project in Kampong Seila, Preah Sihanouk Province, Cambodia.
Samaiden is a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants.
In a statement today, Samaiden said the MoU provides the framework for the joint undertaking of feasibility studies with third parties on various aspects of the biogas project, including economic benefits and other ancillary impacts.
Phnom Penh-based MST will provide the land for the project as well as facilitate approval, documentation and construction of the project. MVA’s role is to provide business consultancy and support for the project while Panna is responsible for the financial and commercial assistance for the undertaking of research, facilitation of project development and ongoing management of the project.
Samaiden Cambodia’s role is to provide the EPCC work scope, advice on the feasibility study and facilitate the environmental, social and governance (ESG) principles of the project as part of Cambodia’s commitment towards clean energy project development.
Samaiden Cambodia ED Fong Yeng Foon said Cambodia needs more green and resilient investments in low-carbon and climate-resilient infrastructure to ensure adaptability to impacts from climate change.
“More importantly, given the agriculture sector’s contribution to greenhouse gas emissions, efforts on this front will come from mitigating menthane-intensive rice and livestock production and promoting the use of biogas in livestock management, organic fertiliser and deep fertiliser technology,” he said. — TMR