Samaiden Group Berhad has signed a Memorandum of Understanding to develop renewable energy option for a client in Cambodia.
The solar panel specialist will develop RE together with the Royal Group Co., Ltd., Management Venture Asia (Cambodia) Ltd. and Panna Energy Sdn. Bhd. alongside railway tracks operated by Royal Railway PLC.
Phnom Penh-based RGC is Cambodia’s strategic investment holding company with businesses ranging from banking and financial services to media and entertainment. MVA’s role is in business consultancy and support while PANNA will facilitate research, project development, and management.
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.
Executive Director of Samaiden Cambodia, Mr. Fong Yeng Foon said, “We are encouraged by the Cambodian government’s support and initiatives towards RE and its commitment to help its citizens to earn higher income through projects such as the development of land alongside Royal Railway’s tracks.”