A Change of Guard

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Friday, 14 October 2011

Another power deal for senator [kleptocracy and cronyism at its best]

Friday, 14 October 2011
David Boyle and Vong Sokheng
Phnom Penh Post

The opposition has raised conflict-of-interest concerns over another agreement headed to the National Assembly today guaranteeing the government will buy electricity from a power plant to be constructed by a company owned by ruling party Senator Lao Meng Khin (pictured).

However, it was unclear yesterday whether the guarantee to buy electricity from a 135 megawatt, US$181 million coal-fired plant to be built by Cambodia International Investment Development Group Co Ltd in Preah Sihanouk province is new or part of an existing deal.

In June the National Assembly passed an agreement, after gagging opposition questions, guaranteeing the government would buy electricity from a 270 megawatt plant to be built by the firm at a price observers said appeared to be the highest for power seen in Cambodia – 8.43 cents per kilowatt hour.

1 comment:

Anonymous said...

By agreeing to allow Lao Meng Khin to charge 8.43 cents per kilowatt hour, the National Assembly is willing to put a break to stand still the progress of economic development of Cambodia. Each of you would be a lot richer with 6.00cents per kilowatt hour, since at that price Cambodia would get more investments (FDI)! Why condemn your country to keep the status of LEAST DEVELOPED COUNTRY for ever? Your can make more money with cheap electricity than with your colleague senator, that for sure.