The combination of rooftop and floating solar designed, financed and maintained by Cleantech Solar will make this one of the most advanced cement plants in Asia.
Cambodia, Touk Meas, Kampot, 26 February 2019 – Cleantech Solar, a leading provider of renewable energy to corporations in Asia, celebrates the launch of an on-site solar PV system for Chip Mong Insee Cement Corporation (CMIC), which owns and operates the most advanced cement factory in Cambodia. The whole system includes a 2.8 MW floating solar power plant deployment on CMIC’s reservoir, and the remaining 7 MW installed across multiple rooftops of the facility.
Through a long-term partnership agreement, the project is expected to generate 297 GWh of clean energy, avoiding 197,000 tonnes of CO2 emissions across the system’s lifetime. The system will contribute to CMIC’s sustainability efforts by substituting a portion of the large plant’s electricity consumption with solar PV. This will also help CMIC reduce operating costs without having to make the capital investment, nor having to take the performance risk of the solar system. In addition, the deployment of the floating solar system will shield the reservoir from wind and the direct hot midday sun which is expected to reduce water loss through evaporation, contributing to CMIC’s water conservation efforts.
Mr. Meng Leang, Chairman of Chip Mong Insee Cement Corporation said:
“Here at Chip Mong Insee Cement, we are committed to be a trusted company that is both environmentally and socially responsible. Producing cement in Cambodia to substitute imports creates jobs and opportunities for Cambodians and adopting solar is an additional important step for us to help meet our energy requirements whilst at the same time reduce our CO2 emissions. We have selected Cleantech Solar based on their extensive track record, strong technical as well as financial capabilities. This, together with our shared values on safety and quality, has delivered a very successful solar project and solidified our partnership with Cleantech Solar.”
Mr. Raju Shukla, Cleantech Solar Founder and Executive Chairman said:
“It is very satisfying to see the state-of-the-art Chip Mong Insee Cement production plant now benefitting from our high-quality solar PV solution that combines rooftop and floating elements. In addition to environmental and social benefits, such as cutting emissions and promoting corporate social responsibility, the economic benefits of sourcing renewables will also include cost savings, long-term price stability and security of supply. We will like to extend our hearty congratulations to Chip Mong Insee Cement on achieving another milestone in their sustainability journey.”
About Cleantech Solar (www.cleantechsolar.com)
Cleantech Solar is a leading provider of renewable energy to corporations in Southeast Asia and India, combining the capabilities of a global player with unrivalled responsiveness and agility.
Headquartered in Singapore, Cleantech Solar owns and operates more than 120 solar power plants across the region, representing over 200 MW of projects, with the majority being in operation and the rest under construction and development.
The company helps corporations meet their sustainability goals, offering a unique combination of:
- Shared values ensuring long-term partnership
- Cutting-edge technical expertise with a strong focus on delivering safe and high-quality projects
- Experienced local teams in all markets to ensure compliance and smooth execution
- A state-of-the-art control room that allows optimized performance to be monitored in real time
About Chip Mong Insee Cement Corporation
Chip Mong Insee Cement Corporation, registered in Cambodia and established in late 2015, is a joint venture company between Chip Mong Group and Siam City Cement Company (SCCC) from Thailand.
With capitalization of USD 262 million, the company supplies advanced performance cements for both the retail and the industrial market segments, products which are all manufactured from well selected local raw materials, with world class quality control and assurance standards.
Our business investment includes our state-of-the-art new green field cement manufacturing assets at Touk Meas in Kampot Province, where the 5,500 ton per day factory is running with a focus on best product quality with lowered carbon footprint, reduced water demand footprint, and use of latest technology and management systems.
As a responsible heavy industrial company, Chip Mong Insee Cement is committed to efficiently and properly managing the utilization of Cambodia’s natural resources and deploying its extensive and talented human capital. We are committed to make the difference in serving the needs of today’s customers without sacrificing the interest of future generations. We do this by adopting an active policy of environmental stewardship that is an integral part of our sustainable development orientation, in close collaboration with our stakeholders.
This focus goes hand-in-hand with the objectives of growth, benefiting shareholders, customers, and employees, and contributing to the economic and social development of Cambodia.