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CAMBODIA’S
NATIONAL
SOLAR PARK
• How an ADB-supported project delivered ASEAN’s lowest solar energy tariff
• How ADB is us...
Video Narrative
https://www.adb.org/news/videos/helping-cambodia-transition-cleaner-energy-0
2
Solar PV Plant Tender Process: Based on International Best Practices
Evaluation Process
Pre-Bid
Engagement
• Pre-bid meeti...
Project attracted Interest from 26 Foreign as well as Local Bidders
International Bidders
Local Bidders
Shaanxi Snock
Co. ...
Tariff for First Phase of Cambodia National Solar Park:
Lowest in the ASEAN region
9.1
7.6
3.877
4.2
7.9
9.4
0
1
2
3
4
5
6...
PART II:
EXPANDING
CLEAN AND
AFFORDABLE
POWER IN
ASEAN
6
The ADB solution will focus on catalyzing green
finance from public and private sectors.
The ADB solution will support all...
The ADB Enabling Clean &
Affordable Power in ASEAN
Program leverages on all
possible ADB supports and
provides a one-stop ...
PROJECT PREPARATION
(1) Pre-project development support
(2) Transaction advisory support
TENDER PROCESS
ADB will accompany...
Key Contacts
Pradeep Tharakan
ptharakan@adb.org
Southeast Asia Energy Division
23
Siddharta Shah
sidshah@adb.org
Office of...
Project in a Glance
OVERVIEW
The Project consists of two key components:
• Solar Park Facility
⚬ The solar park facility w...
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Pradeep Tharakan - Cambodia's National Solar Park

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OECD-ADB High-level Roundtable on Green Finance Opportunities in ASEAN, 31 October 2019, OECD, Paris, France

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Pradeep Tharakan - Cambodia's National Solar Park

  1. 1. CAMBODIA’S NATIONAL SOLAR PARK • How an ADB-supported project delivered ASEAN’s lowest solar energy tariff • How ADB is using Cambodia's solar energy success to expand work across ASEAN 29 October 2019 | Paris, France 1
  2. 2. Video Narrative https://www.adb.org/news/videos/helping-cambodia-transition-cleaner-energy-0 2
  3. 3. Solar PV Plant Tender Process: Based on International Best Practices Evaluation Process Pre-Bid Engagement • Pre-bid meeting. • Site visit • Response to Bidders clarifications Best and Final Offer (BAFO) • Tariff proposed in BAFO proposal should not be greater than tariff in Financial proposal • Designed to attract best possible price for EDC Financial Evaluation • Compliance with financial requirements mentioned in the IFB Technical Evaluation • Compliance with technical requirements mentioned in the IFB Prequalification • Pre-qualification based on financial and technical criteria • Ensures selection of only credible developers Negotiation & Project Award Signing of Project Agreements Financial Closure Launch of Tender Documents 26 bids received 18 bidders prequalified 18 bids technically compliant Tariff: USc 4.415 / kWh Tariff: USc 3.877 / kWh Pre-bid Meeting Site Visit Public Opening of Financial Proposal Public Opening of BAFO 148 bidders purchased tender documents 3 3
  4. 4. Project attracted Interest from 26 Foreign as well as Local Bidders International Bidders Local Bidders Shaanxi Snock Co. Ltd. B. Grimm Power (Poipet) Co., Ltd. Green Yellow Simplified Ltd. Co.NPS 789 Green Energy Co., Ltd. Kaishan International Harbin Jiuzhou Electric Co. VKON Power (VBB) Glow Energy Prime Road Alternative Co. Gia Lai Electricity Co. China Malaysia ThailandSingapore Philippines U.A.E Vietnam France Japan India Note: The mentioned bidders have been classified into International and Local based on country of registration of bidding entities. 4 4
  5. 5. Tariff for First Phase of Cambodia National Solar Park: Lowest in the ASEAN region 9.1 7.6 3.877 4.2 7.9 9.4 0 1 2 3 4 5 6 7 8 9 10 10 MW Bavet Solar PV, Cambodia 2016 4 Projects - Cummulative 140 MW Solar PV, Cambodia 2018-19 60 MW Solar PV, Cambodia National Solar Park 2019 100 MW Solar PV, Malaysia LSS III 2019 Indonesia Price Ceiling (avoided cost, BPP) Vietnam FiT 201 201 9 USD cents / kWh Cambodia Other ASEAN Countries Lowest Tariff in ASEAN 5 5
  6. 6. PART II: EXPANDING CLEAN AND AFFORDABLE POWER IN ASEAN 6
  7. 7. The ADB solution will focus on catalyzing green finance from public and private sectors. The ADB solution will support all types of renewable energy projects with scale, low cost and high replicability potential. Technologies covered are: • Ground-mounted solar PV • Floating solar PV • Onshore wind • Offshore wind • Energy storage and hybrid solutions The ADB solution 7
  8. 8. The ADB Enabling Clean & Affordable Power in ASEAN Program leverages on all possible ADB supports and provides a one-stop shop for governments and private sector ADB’s Program 8
  9. 9. PROJECT PREPARATION (1) Pre-project development support (2) Transaction advisory support TENDER PROCESS ADB will accompany the government partner through the tender / auction from end to end. FINANCIAL CLOSE In addition to sovereign funding wherever appropriate, during financial close, ADB will leverage on possible non sovereign financing to the winning bidder, as well as sovereign or non- sovereign guarantees. ADB will be providing an end to end solution to respective ASEAN government/public utility, for the scaling up of their renewable capacity, from project definition to financial close. How does the ADB program work? 9
  10. 10. Key Contacts Pradeep Tharakan ptharakan@adb.org Southeast Asia Energy Division 23 Siddharta Shah sidshah@adb.org Office of Public Private Partnerships 10
  11. 11. Project in a Glance OVERVIEW The Project consists of two key components: • Solar Park Facility ⚬ The solar park facility will include land, substation and transmission line to connect to the grid. ⚬ Facility will be constructed by Electricite Du Cambodge (EDC) using public sector financing to accommodate up to 100 MW of solar PV power generation. ⚬ Land required for the park will be acquired by EDC. ⚬ Construction is being financed through an ADB sovereign loan. • Solar PV Plants ⚬ Solar PV power pants within the park will be developed, financed, constructed, operated and maintained by the private sector. ⚬ Power to be purchased by EDC under a PPA, the tariff for which will be determined through a competitive process. ⚬ Tender process for first phase of 60 MW is currently underway. Additional solar power plants supplying the remaining capacity are expected to be tendered out in a subsequent phase. KEY PROJECT COMPONENTS 11

OECD-ADB High-level Roundtable on Green Finance Opportunities in ASEAN, 31 October 2019, OECD, Paris, France

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