Recently, the Trade Department of the Ministry of Commerce issued Newsletter No. 2/2022 for additional items requiring an import license. This follows previous action by the department of adding commodity lines 3070 (Newsletter No. 18/2021) and 826 (Newsletter No. 1/2022) to the list of those requiring an import license. Effective from 2 March 2022, the […]

We are aware of at least 10 to 12 renewable power projects which have some kind of Government preliminary approval, but which have not yet reached financial close or commenced major construction. The majority of these are open to investment or sometimes, a financing solution. Highlights of this note Which Renewable Power Projects in Development […]

For the development of the 100MW national solar park in Kampong Chhnang Province, the Kingdom of Cambodia, the ELECTRICITE DU CAMBODGE (“EDC”) has hosted their first international competitive bidding on Build-Own-Operate (BOO) basis which development is divided into 2 different phases: Phase one the development of a 60MW solar power plant which has been completed […]

Three years on from the issuance of the Law on Trusts (dated 2 January 2019), the Non-Banking Financial Services Authority (“NBFSA”) issued Prakas No. 003 F.S.A.PrK on 26 January 2022 on Rules for the Management, Establishment, and Functioning of Trusts (“Prakas”) to set out the rules, conditions, and procedures on the establishment of trusts, their […]

Two new laws related to private investments were recently adopted in Cambodia. The Law on Investment dated 15 October 2021 (the “New Law on Investment”) and the Law on Public-Private Partnership dated 18 November 2021 (the “PPP Law”). Highlights of this note The New Law on Investment New Process of Registration: Online Application Incentives Investment […]

In an otherwise complex context, the Public-Private Partnership (“PPP”) experience in Bangladesh demonstrates a high level of transparency from which neighboring countries in the region can learn. Highlights of this note PPP framework Procurement Government budgeting Investment and corporate laws Environment law and social impact Secured transactions law Land ownership restriction Land acquisition Procurement process […]

In the wake of a 2019 Supreme Court decision allowing Bangladesh courts to issue injunctions in support of foreign arbitration procedures, international commercial disputes with a Bangladesh angle might soon get a lot more complicated. Highlights of this note What happened in the case? What is the dispute before the Bangladesh court? Why would it […]

The “economic miracle of Bangladesh” has in part been fueled by a robust interest by Development Financial Institutions and International Financial Institutions. The Government has been driving an energy and infrastructure push, and has also put great effort on developing industrial zones. Reason enough to take another, updated look at project finance in Bangladesh. Highlights […]

On 20 July 2021, Cambodia’s state-owned electricity utility EDC has announced selected 12 prequalified bidders for the country’s National Solar Park Project, phase 2. Unfortunately, the identities of the selected bidders are not publicly announced. The pre-qualification is about the bidders’ experience and their financial strength. It does not include a review of their technical […]

The Ministry of Industry and Trade of Vietnam (MOIT) HAS recently released THE second draft circular regarding the implementation of the pilot program for direct power purchase agreement (DPPA) mechanisms between renewable energy developers/power generation companies and private power buyers/consumers (“Draft Circular“). Under the Draft Circular, there have been some changes compared to the previous […]

On 24 May 2021, the Electric Power Generation Enterprise (“EPGE”) under the Ministry of Electricity and Energy of Myanmar (“MOEE”) launched its second solar tender (Tender No. EPGE PV 02/ 2021-2022) in the same fashion as it did its first ever solar tender (Tender No. EPGE PV 01/ 2019-2020) in last year. The new tender […]

In order to reduce and relieve the economic impact from the second wave of the COVID-19 pandemic in the Lao PDR, the Prime Minister’s Office has issued Notice No. 532/PMO dated 20 May 2021 (the “Notice”) specifying policies for further implementation by the relevant governmental authorities. 1. Tax policies Exemption from personal income tax for […]

On 10 May 2021, the Division of Health of Vientiane Capital (“DH.VTE”) issued Notice No. 378/DH (the “Notice”) requiring that those wishing to travel in and out of Vientiane Capital must apply for a permit from the COVID-19 Taskforce Committee to travel during the lockdown period up to 20 May 2021, or a further lockdown […]

On the night of 14 April, the Cambodian Government ordered a number of restrictions in response to the recent rise in COVID-19 infections by means of Decision nr. 49 SR dated 14 April 2021 (“Decision 49“). The regulation was follow up by an amendment providing some additional details by Decision nr. 50 dated 17 April […]

In accordance with the recent Government directed business closures and stay-at-home orders, we would like to inform you as follows: VDB Loi in Phnom Penh will continue to operate, with the help of our cloud technology, through online processes and work-from-home.  Tax filings and government filings will continue insofar these are possible by distance/online. Tax […]

With the current drastic increase in the number of COVID-19 infections in Cambodia and to help prevent the spread of contagious diseases, the Royal Government of the Kingdom of Cambodia enacted the Law on Measures to Prevent COVID-19 and Other Fatal and Harmful Diseases on 11 March 2021 (the “COVID Law”) and Sub-Decree No. 37 […]

On 17 February, EDC has received 14 bids, at the tender for Phase 2 of the National Solar Park project which is more than generally expected. Phase 2 comprises a 40MW solar project in the Cambodian province of Kampong Chhnang, a few hours driving from the capital Phnom Penh On 1 December 2020, Cambodia’s public […]

昨年12月1日、EDC（カンボジア電力公社）はナショナル・ソーラー・パーク・プロジェクトのフェーズ２の入札を発表した。2019年に実施したフェーズ１の出力60MW 入札では、タイのプライム・ロード・アルタナティブが落札した。 本稿のハイライト プライム・ロードが注目されるが、何が起きてもおかしくない。 事前資格審査は簡単、現地調達義務も資本参加義務もなし。 カンボジアのPPAは信頼性が高く魅力的。 用地取得は問題とはならない。 入札でVAT（付加価値税）をどう扱うか。 コロナ禍での建設最終期限はいつ。 私の予測

昨年12月1日、EDC（カンボジア電力公社）はナショナル・ソーラー・パーク・プロジェクトのフェーズ２の入札を発表した。2019年に実施したフェーズ１の出力60MW 入札では、タイのプライム・ロード・アルタナティブが落札した。 本稿のハイライト プライム・ロードが注目されるが、何が起きてもおかしくない。 事前資格審査は簡単、現地調達義務も資本参加義務もなし。 カンボジアのPPAは信頼性が高く魅力的。 用地取得は問題とはならない。 入札でVAT（付加価値税）をどう扱うか。 コロナ禍での建設最終期限はいつ。 私の予測

On 1 December 2020, Cambodia’s public utility the Electricité du Cambodge (“EDC”) launched a tender for the second phase of its National Solar Park project. The first phase, 60MW, had been won by Prime Road Alternative of Thailand after a competitive tender in 2019. Highlights of this note Prime Road is the one to watch, […]