Samaiden Group Bhd, through its indirect wholly-owned subsidiary, Samaiden Energy (Cambodia) Co Ltd, has signed a Memorandum of Understanding (MoU) with Royal Group Co Ltd (RGC), Management Venture Asia (Cambodia) Ltd (MVA) and Panna Energy Sdn Bhd (PANNA) to develop land alongside railway tracks operated by Royal Railway PLC for renewable energy (RE) and other sustainable economic activities.
Under the MoU, the parties will first study the feasibility of developing unutilised land alongside railway tracks from Poipet province to Preah Sihanouk province for micro ground mount solar installations, utilities, facility infrastructure for rental, paper tree planting, greenhouse farming of vegetables, soybean farming and other sustainable economic activities.
Samaiden Cambodia executive director Fong Yeng Foon said the company is encouraged by the Cambodian government’s support and initiatives towards renewable energy and its commitment to help its citizens to earn higher income through projects such as the development of land alongside Royal Railway’s tracks.
“Samaiden stands ready to offer our expertise ranging from EPCC of renewable energy projects encompassing solar PV systems and power plants to operations and maintenance and environmental consulting services.
“What is more important is that the feasibility study that all the parties to the MoU agree to undertake cover areas vital for the development of the Cambodian economy while at the same time providing jobs and valuable skills to its citizens,” he said.
Samaiden Group Bhd, through its subsidiary, is a renewable energy specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants.
Phnom Penh-based RGC is Cambodia’s strategic investment holding company with businesses ranging from banking and financial services to media and entertainment.
MVA’s role is in business consultancy and support while PANNA will facilitate research, project development and management.
 Co Ltd has signed a MoU to develop renewable energy projects in Cambodia.){kind=link}