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Cambodia touts plan to slash electricity fees for businesses

Rate cuts are meant to offset wage hikes, boost nation in region's supply chain

Council for the Development of Cambodia Secretary General Sok Chenda Sophea speaks to the Nikkei Asian Review in Tokyo on Feb. 19. (Photo by Ken Kobayashi)

TOKYO -- Cambodia seeks to lower electricity fees for companies in the country to set off an increase of labor costs due to a higher minimum wage, says a Cambodian minister in charge of foreign direct investment. Sok Chenda Sophea recently unveiled a 10-year national development plan to boost Cambodia's role in the region's supply chain.

"In less than six months, we will have cheaper electricity," Sok, a minister attached to the prime minister and secretary general of the Council for the Development of Cambodia, told the Nikkei Asian Review earlier this month in Tokyo. Foreign manufacturing companies in Cambodia have been complaining about Cambodia's relatively high electricity fees compared to neighboring countries.

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