Prime Minister Hun Sen has appointed by Sub Decree H.E Long Naro as the new Director-General of Phnom Penh Water Supply Authority (CSX:PWSA). Naro replaces H.E Sim Sitha, who retired and was appointed as Secretary of State of Ministry of Industry, Science, Technology & Innovation.
Naro previously served as Deputy Director-General of PPWSA and has degrees in Engineering and Finance.
The majority state-owned company was the first publicly listed company on Cambodia’s securities exchange and is the sole municipal water utility that serves Cambodia’s capital Phnom Penh and surrounding areas.
The company announced it had generated a net profit for the 2020 financial year amounting to $21.62 million a 165.39% year-on-year increase.
The increase was due to success in reducing the rate of water loss to 9.74% as well as increasing the general price of water to its increasing customer base.