Poipet PPSEZ Co Ltd, a wholly-owned subsidiary of Phnom Penh SEZ Plc, has reached a memorandum of understanding (MOU) with Thailand-based B.Grimm Power Public Company, allowing the company to import electricity from Thailand to ensure a reliable power supply as it expects the influx of more factories and investment. Under the MOU, B.Grimm will build 12 kilometers of power transmission lines that will transmit 22 kilowatts of electricity to the Poipet SEZ at an initial investment cost of about $3mn. B.Grimm Power president Preeyanart Soontornwata said the level of investment in the first stage was small but the company would expand in the future by installing a sub-station and increasing power generation facilities in the zone. Located on 65 hectares, about six kilometers east of the Poipet City center—with access to one of the key border crossing points with Thailand—Poipet PPSEZ has 11 factories now in operation with four Japanese factories set to begin operations this year. Most of the products manufactured in the zone are electronic components which are exported to Japan and other countries. (Source: Khmer Times)