WTE Phnom Penh
Channel: GreenAsiaGlobal
Date: 2012-07-19

Green Asia Global Corporation receives approval to conduct a formal feasibility study of US$ 100 million waste-to-energy project for Phnom Penh Capital City (CNC TV Cambodia 07/17/2012) http://greenasiaglobal.com - Translation of transcript to English:
Today waste disposal in Phnom Penh keeps increasing from day to day. Cambodian people is facing the difficulty of managing the waste in order to avoid from polluting the environment and creating health risks. 

What the Municipality of Phnom Penh - MPP - is concerning are all those problems and they are finding the solution by looking for a serious investment contractor. MPP had accepted 14 investment contractors in the past. On 17 July, 2012, MPP has accepted one company's presentation into their consideration in the project of Waste to Energy - WTE - plant at Dangkor waste site. This presentation was attended by H.E. Kep Chuktema, the Governor of Phnom Penh. During the presentation, Mr. Ly Thanh Binh, the Chairman & CEO of Green Asia Global Corporation discussed the necessities of a WTE plant for Phnom Penh Capital City which will be equipped by the latest modern technology from the USA to bring better environment for Phnom Penh by converting 1200 tons per day of solid waste into 30MWH electricity.

Investment project capital is US$ 100 million which can reduce the current waste 95% and not pollute the environment in the surrounding area. Mr. Ly has requested a six (6) months of feasibility study to differentiate the type of waste in Phnom Penh city currently. He has said that the company has -a technology partner- with head office - in the USA with experience with this type of plant in India and - is developing - in Indonesia -...and around the world. 

H.E. Kep Chuktema, the Governor of Phnom Penh welcomed this investment project as he is concerned about the waste site continues to overflow. MPP is looking for a partner company that can make use of the waste and would consider making a deposit in escrow with MPP once the company starts the detailed feasibility study. On the other hand, MPP used to have past experience that there are many companies made the feasibility study with MPP for a WTE project yet they failed to perform the project. This escrow is not by force. When the company is approved by the Cambodian government for the investment capital of US$ 100 million, then MPP will release the escrow deposit money to the company. MPP fully intends to be a good partner together with the Cambodian government waiting to assist and to cooperate.