Siam Cement PCL, a Thai industrial conglomerate, said Wednesday its board has approved a THB450m investment to install power generators at its cement plant in Cambodia.
Siam Cement said the 90%-owned Kampot Cement Plant in Cambodia will start operations in the fourth quarter of this year. The THB3.2-billion plant will have an annual production capacity of 850,000 metric tons.
The power generators will produce four megawatts of electricity and are expected to start operating in the second half of next year, Siam Cement said in a filing to the Stock Exchange of Thailand.
The generators will help reduce energy costs by around THB93 million per year and reduce carbon dioxide emissions, the company said.
Earlier, Siam Cement’s board approved installation of power generators at three of its cement plants in Thailand with a combined output of 33.5 megawatts, which will begin operations in the first quarter of next year.