Samaiden to Develop Biogas Project in Cambodia

 Feasibility study to be undertaken, including fulfilment of ESG principles as commitment towards clean energy development

PETALING JAYA, 02 MAY 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 today announced that its indirect wholly-owned subsidiary, Samaiden Energy (Cambodia) Co., Ltd. (“Samaiden Cambodia”), had signed a Memorandum of Understanding (“MoU”) with Mong Sotheary Trading Co., Ltd. (“MST”), Management Venture Asia (Cambodia) Ltd. (“MVA”) and Panna Energy Sdn. Bhd. (“PANNA”) for the development of a biogas project in Kampong Seila, Preah Sihanouk province, Cambodia.

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.

Executive Director of Samaiden Cambodia, Mr. Fong Yeng Foon said, “Samaiden, which has a track record in RE projects encompassing solar PV systems and power plants undertaken on the EPCC model, as well as offering operations and maintenance and environmental consulting services, stands ready with our expertise to assist in the feasibility project.”

“Climate change is a fact of life, there is not a day go by that we do not read or watch news of drought, wildfires, floods and other drastic weather changes. Cambodia needs more green and resilient investments in low-carbon and climate resilient infrastructure to ensure adaptability these 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.”