Phnom Penh, Cambodia, May 13, 2025 – PPCBank and Cam Chilbo Electric Power Co., Ltd. (Cam Chilbo) have signed a strategic memorandum of understanding (MoU) to jointly promote the development of renewable energy and greenhouse gas reduction initiatives across Cambodia. This collaboration reaffirms both institutions’ commitment to supporting the country’s transition to a low-carbon economy and advancing sustainable development goals.
Under the terms of the MoU, Cam Chilbo will spearhead the planning and execution of renewable energy projects, focusing on innovative technologies and scalable models to reduce greenhouse gas emissions. PPCBank will support these efforts by offering financial advisory services, facilitating investments and delivering tailored financing solutions to ensure the successful implementation of environmentally focused initiatives.
Mr. Lee Jin Young, President of PPCBank, emphasised the strategic importance of the agreement, stating: “This partnership combines Cam Chilbo’s technical expertise in clean energy with our financial capabilities to drive real impact. As a responsible financial institution, PPCBank is proud to contribute to sustainable energy projects that not only protect the environment but also fuel inclusive economic growth across Cambodia.”
Mr. Park Noh Hak, CEO of Cam Chilbo, echoed the shared vision of the partnership, adding: “Through this cooperation, we aim to be at the forefront of Cambodia’s clean energy transition. This MoU demonstrates the powerful role that private sector collaboration can play in addressing climate change while improving livelihoods through eco-conscious infrastructure and innovation.”
The partnership aligns closely with Cambodia’s Long-term Strategy for Carbon Neutrality 2050, which outlines a national roadmap toward climate resilience and sustainable energy development. It also complements regional climate cooperation between Cambodia and South Korea, as recently reaffirmed during the visit of South Korea’s Minister of Environment to Phnom Penh.
The MoU will remain in effect for an initial period of three years, establishing a framework for ongoing cooperation. In the months ahead, both parties will work together to identify, explore and implement specific joint projects, including solar, wind and other energy efficient solutions, with an emphasis on delivering measurable environmental and socio-economic benefits.
In addition to enhancing Cambodia’s renewable energy infrastructure, the collaboration is expected to contribute to job creation, community engagement and the overall strengthening of the country’s green finance ecosystem.
About PPCBank
PPCBank is a leading commercial bank in Cambodia, offering a wide range of financial services to individuals and businesses. With a strong focus on digital innovation and sustainable banking, PPCBank is committed to supporting inclusive and climate-resilient economic development.
About Cam Chilbo Electric Power Co., Ltd.
Cam Chilbo is a South Korean-backed energy company dedicated to advancing clean energy solutions in Cambodia. With deep expertise in power infrastructure and renewable technologies, Cam Chilbo aims to lead transformative energy initiatives that promote environmental sustainability and long-term growth.
