Samaiden partnership to establish biogas project in Cambodia
Samaiden announced its indirect wholly-owned Samaiden Energy (Cambodia) Co Ltd had entered into a memorandum of understanding (MOU) with: Mong Sotheary Trading Co Ltd (MST); Management Venture Asia (Cambodia) Ltd (MVA); and Panna Energy Sdn Bhd (Panna).
The MOU acts as a framework for the joint undertaking of feasibility studies with third parties on various aspects of the project - namely the economic benefits and other ancillary impacts.
To execute the project, MST will provide the land for the project, and facilitate approval, documentation and construction.
MVA will provide business consultancy and support, while Panna will be responsible for the financial and commercial assistance for the undertaking of research, assisting project development and supplementing ongoing management, according to Samaiden.
Samaiden Cambodia will supply the engineering, procurement, construction and commissioning (EPCC) work scope and supply advice on the feasibility study. It will also facilitate the environmental, social and governance (ESG) principles of the project.
“Cambodia needs more green and resilient investments in low-carbon and climate resilient infrastructure to ensure adaptability to the impact of climate change,” said Samaiden Cambodia executive director Fong Yeng Foon.
“More importantly, given the agriculture sector’s contribution to greenhouse gas emissions, efforts on this front will come from mitigating methane-intensive rice and livestock production, and promoting the use of biogas in livestock management, organic fertilisers and deep fertiliser technology,” he added.