Samaiden inks deal to develop biogas project in Cambodia
In Malaysia, Samaiden Group Bhd said it has signed an agreement with two Cambodian companies and a Malaysian firm to develop a biogas project in the Preah Sihanouk province, Cambodia.
Samaiden said its indirect wholly-owned subsidiary Samaiden Energy (Cambodia) Co Ltd had entered into a memorandum of agreement with Mong Sotheary Trading Co Ltd (MST), Management Venture Asia (Cambodia) Ltd (MVA) and Panna Energy Sdn Bhd (Panna).
The firm noted that the agreement serves as a framework for the joint undertaking of feasibility studies with third parties on various aspects of the project, namely the economic benefits and other impacts.
To execute the project, MST will provide the land for the project, and facilitate approval, documentation and construction.
MVA will be providing business consultancy and support, while Panna is responsible for the financial and commercial assistance for the undertaking of research, assisting project development and supplementing ongoing management, said Samaiden.
Samaiden Cambodia will supply the engineering, procurement, construction and commissioning (EPCC) work scope and advice on the feasibility study, as well as facilitate the environmental, social and governance (ESG) principles of the project.
Category: Fuels
