Synopsis: The Kingdom’s energy sector has been on an expansion path with many global giants showing active interest in exploring investment opportunities.
Citicore Renewable Energy Corporation (CREC), a major player in the energy scene of the Philippines, is all set to explore market opportunities in the Kingdom.
This was revealed by Oliver Tan, President and CEO of CREC, during an interview with Singapore-based business daily The Business Times.
“Cambodia is really exciting because of its strategic geographical location, especially in terms of the Asean power grid, and its land mass,” Tan said.
He said Cambodia offers many advantages compared to other Asean countries such as Thailand. “Comparatively, property in Thailand is expensive because of how the country markets itself as a tourist destination, and hence, building solar facilities there could be relatively difficult.”
Tan added that energy transition ambition across the Asean region offers great opportunities for the company in the days to come.
The visit by Prime Minister Hun Manet to the Philippines in February provided a perfect platform for many leading companies there to explore investment opportunities in the Kingdom.
CREC is a leading pure renewable energy developer and operator of solar, run-of-river hydro, and offshore wind energy platforms in the Philippines and is now focusing on a major expansion plan across Southeast Asia and beyond.
Indonesian energy giant PT Pertamina last year acquired a 20 percent stake in the Philippine company, with its public float accounting for another 20 per cent and the remainder owned by parent company Citicore Power.
The Kingdom’s energy sector has been on an expansion path with many global giants showing active interest in exploring investment opportunities.
French behemoth TotalEnergies said last month that the company is seriously exploring investment opportunities in the Kingdom.
Mehmet Celepoglu, TotalEnergies Deputy Director for Oceania and Southeast Asia region, also held a meeting with Keo Rottanak, Minister of Mines and Energy, at the ministry headquarters in Phnom Penh, and discussed investment opportunities.
Many Chinese and Korean companies have also expressed interest in the Kingdom’s energy sector.
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Source: Khmer Times
August 05, 2025
