ADB approves reform program to accelerate Cambodia's energy transition

MANILA, Oct. 7 (Xinhua) -- The Asian Development Bank (ADB) said on Tuesday that it has approved the second phase of Cambodia's Energy Transition Sector Development Program for 82.5 million U.S. dollars.

The program aims to provide comprehensive support for the country's clean energy transition by combining policy reforms with investment projects in new technologies, the ADB said in a press release.

The first subprogram, approved in 2022, introduced pivotal policy measures that guided the energy sector toward a more efficient and renewable development pathway.

Building on that foundation, subprogram 2 advances regulatory reforms to strengthen the energy efficiency framework and enhance policy clarity, thereby attracting private sector investment, the Manila-based bank said.

Subprogram 2 will be followed by a third phase in 2027, which will further deepen reforms by expanding the energy efficiency regulatory framework and introducing technical standards for renewable energy, buildings, and industry to further attract private sector investment, the ADB said. Enditem