19 December 2014
The U.S.-based conglomerate General
Electric (GE) signed an agreement with Cambodia's state- owned Electricite du
Cambodge (EdC) on Thursday to help improve the country's power grid.
Through this contract, GE will provide
electricity grid maintenance services to EdC and conduct a study of Cambodia's
electricity grid to identify ways that the grid can be improved and would help
capacity building and enhance grid performance and security. For 5-year
contract will cost EdC nearly one million U.S. dollars. According to a report
by the World Bank and Asian Development Bank released in October, the high cost
of electricity is one of the biggest obstacles for firms doing business in
Cambodia.
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