Samaiden Inks MoU to Develop RE Projects in Cambodia

Development of unutilised land alongside railway tracks to benefit Cambodians through jobs and skills

PETALING JAYA, 28 APRIL 2023 — Samaiden Group Berhad (“Samaiden”), a renewable energy (“RE”) specialist principally involved in engineering, procurement, construction, and commissioning (“EPCC”) of solar photovoltaic (“PV”) systems and power plants is pleased to announce that its indirect wholly-owned subsidiary, Samaiden Energy (Cambodia) Co., Ltd. (“Samaiden Cambodia”), had signed a Memorandum of Understanding (“MoU”) with Royal Group Co., Ltd. (“RGC”), Management Venture Asia (Cambodia) Ltd. (“MVA”) and Panna Energy Sdn. Bhd. (“PANNA”) to develop land alongside railway tracks operated by Royal Railway PLC (“Royal Railway”) for renewable energy (“RE”) and other sustainable economic activities.

Under the MoU, the parties will first study the feasibility of developing unutilised land alongside railway tracks from Poipet province to Preah Sihanouk province for micro ground mount solar installations, utilities, facility infrastructure for rental, paper tree planting, greenhouse farming of vegetables, soybean farming and other sustainable economic activities.

“Samaiden stands ready to offer our expertise ranging from EPCC of RE projects encompassing solar PV systems and power plants to operations and maintenance and environmental consulting services.”

“What is more important is that the feasibility study that all the parties to the MoU agree to undertake cover areas vital for the development of the Cambodian economy while at the same time providing jobs and valuable skills to its citizens.”