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Cambodia Overhead Cable Industry Analysis
The overhead lines/cables construction projects industry in Cambodia is currently in a state of growth and development, as the country continues to invest in expanding its electricity infrastructure. The government has identified the development of the power sector as a priority, and has set ambitious targets for increasing access to electricity and reducing reliance on imported energy sources.
One of the major drivers of the industry in Cambodia is the need to expand access to electricity, particularly in rural areas. According to the World Bank, only around 40% of the country's population had access to electricity in 2018, which leaves a significant portion of the population without reliable access to power. The government has set a goal of achieving 100% electrification by 2025, which will require significant investment in expanding the grid and building new power generation facilities.
In addition to expanding access to electricity, Cambodia is also looking to reduce its reliance on imported energy sources. The country currently imports a significant portion of its energy, including from neighboring countries like Thailand and Vietnam. By investing in the development of its own power sector, Cambodia hopes to reduce its dependence on these imports and ensure a more reliable and affordable energy supply for its citizens.
The construction of new overhead lines and cables is a critical component of this effort, as it allows for the transmission of electricity from new power generation facilities to areas that currently lack access to reliable power. The government has identified several priority areas for investment in transmission infrastructure, including the expansion of the grid in rural areas and the construction of new interconnections with neighboring countries.
Overall, the outlook for the overhead lines/cables construction projects industry in Cambodia is positive, driven by the government's ambitious targets for expanding access to electricity and reducing reliance on imported energy sources. While there are challenges associated with the development of the power sector, including funding and technical expertise, the government's commitment to the sector suggests that there will be significant opportunities for companies involved in the construction of new overhead lines and cables in the coming years.
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