01/11/2023 Press release
Cambodia: TotalEnergies and Royal Group Sign a MoU to identify Renewable Energy Projects
Phnom Penh / Singapore, 1 November 2023 –TotalEnergies and The Royal Group signed a Memorandum of Understanding (MoU) to identify new renewable energy projects in Cambodia and other decarbonization opportunities for possible joint development and investment.
TotalEnergies is a global multi-energy company which is currently building a world-class, cost-competitive portfolio of renewable energy to deliver sustainable, reliable and affordable power to its customers worldwide. Royal Group is a leading Cambodian conglomerate with extensive experience in originating, developing, and implementing domestic power projects on a joint-venture basis.
At the signing ceremony in Singapore, signatories from both parties were: Neak Oknha Kith Meng, Chairman and CEO of Royal Group, and Ting Wee Liang, Country Chair Singapore, and President of Marketing & Services Asia Pacific and Middle East, TotalEnergies.
“Combining the resources and skills of both organizations will ensure the best research and development of the most optimal renewable projects in Cambodia” remarked Neak Oknha Kith Meng, Chairman and CEO of Royal Group.
“As a global multi-energy company, we are committed to develop new and profitable renewable projects around the world including Cambodia, to help support the country’s energy transition. We have been serving Cambodians since 1993 through our service station network, lubricants and aviation fuel activities. Since 2021 we have been operating a 74MWp solar PV project in the Battambang province. We look forward to do more for the climate and local community in Cambodia,” added Ting Wee LIANG, Country Chair of Singapore and President of TotalEnergies Asia Pacific & Middle East, TotalEnergies.
About TotalEnergies in Singapore
Present in Singapore for 41 years with more than 600 staff, TotalEnergies’ activities range from regional headquarters, manufacturing, and research & development. Business divisions represented include Exploration & Production, Gas, Renewables & Power, Trading & Shipping, Marketing & Services (including the largest EV charging network in Singapore, TotalEnergies’ largest lubricants blending plant worldwide, and global headquarters of TotalEnergies Marine Fuels). Singapore also houses Saft batteries, and Hutchinson’s research and development activities. Visit: https://totalenergies.sg/
About TotalEnergies in Cambodia
Established in Cambodia since 1993, its activities are marketing of petroleum products and services: diesel, lubricants, industrial and aviation fuels. It operates a network of 130 service stations for road fuels with over 91 Bonjour shops, and TotalEnergies’ Card as a convenient way to manage fuel purchases. Other services include storage facilities for road and aviation fuels, used oil analysis, tank installations and bulk deliveries to commercial customers, Wash and Car Care products. Since 2018, TotalEnergies launched its solar activities for customers and following suite supply to Electricity authority. Visit: www.kh.totalenergies.com or www.facebook.com/TotalEnergiesCambodge.
About TotalEnergies and Electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver sustainable and firm power to its customers. In 2022, TotalEnergies generated more than 33 TWh of electricity, and had a gross renewable electricity generation installed capacity of 17 GW. TotalEnergies will continue to expand this business to grow its power generation to more than 100 TWh by 2030, with the objective of being among the world's top 5 producers of electricity from wind and solar energy.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About The Royal Group
Royal Group is a leading Cambodian conglomerate with extensive experience in originating, developing, and implementing domestic power projects. The Royal Group is recognised as Cambodia’s most dynamic and diversified business conglomerate, with interests in a wide range of industries including energy generation, telecommunication, transport, media & entertainment, banking & financing, insurance, hotels & resorts, education, property development, and Healthcare. For more information about Royal Group, please visit – www.royalgroup.com.kh or contact – [email protected]
TotalEnergies Media Contacts
Lili Koh, VP Communications & Public Affairs: [email protected]
Corporate Media Relations: +33 (0)1 47 44 46 99 | [email protected] | @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 | [email protected]
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).