Acted for CTL2 in the USD 118M acquisition of Diamond Power’s 230kV Kampong Cham-Kratie Transmission System project.
Cambodian Transmission II Co Ltd (“CTL2”) signed an agreement with Diamond Power Ltd (DPL), a Pestech International Bhd’s unit to acquire DPL’s 230kV Kampong Cham-Kratie Transmission System project. The transaction was officially announced in October 2022
SOK SIPHANA & ASSOCIATES represented Cambodian Transmission II Co., Ltd. in this USD 118M transaction as the lead counsel.
This deal is worth $118 million between the two private entities involving the power transmission line, which belongs to the national assets. These entities at the end of the concession will be transferred to EDC.
CTL2 as part of the group of companies of Leader Energy. Leader Energy’s journey as an independent power producer began twenty-five years ago when its parent HNG Capital concluded the first-ever IPP concession agreement with the Cambodian State utility Electricité Du Cambodge (“EDC”) to Build-Own-Operate-transfer a 37MW diesel fired power plant in the Cambodia’s capital city, Phnom Penh.
More about Leader Energy: Leader Energy Pte. Ltd. – Power Generation, Power Transmission
PESTECH (Cambodia) PLC. is a wholly-owned subsidiary of PESTECH International Berhad established in 2010 in Phnom Penh, Cambodia. The company is particularly specialized in EPCC activities for high voltage (HV) and extra high voltage (EHV) substations, transmission line and power cable systems including civil works in Cambodia, and notably:
- HV and EHV electrical system
- Transmission line and Power cables
- Infrastructure asset management
More about PESTECH: http://pestech.com.kh/