Cambodia Investment Review
ABA Bank has joined a $182 million green syndicated loan facility to finance Cambodia’s first utility-scale Battery Energy Storage System (BESS), serving as the largest single lender in the transaction. The financing demonstrates ABA’s capacity to support large-scale infrastructure investments that contribute to Cambodia’s economic development, energy security, and sustainability goals.
The signing ceremony was held in the presence of H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia, along with representatives of ABA Bank and other participating financial institutions. The $182 million syndicated facility is supported by seven lending institutions and jointly led by Bank of China (Hong Kong) Phnom Penh Branch and Bank of China (Hong Kong), with ABA Bank and four other partner banks participating in the financing.
Developed by SchneiTec Legacy, part of SchneiTec Group, the project will establish battery storage facilities with a combined capacity of 1,000 megawatt-hours across Pursat and Kampong Chhnang provinces. Once operational, the facilities are expected to strengthen the national electricity grid, enable greater integration of renewable energy, and enhance the Kingdom’s long-term energy security.
“ABA Bank is proud to support this landmark infrastructure project, which will support Cambodia’s energy security and sustainable economic development. As the largest single lender in the syndicate, our participation reflects our commitment to supporting national infrastructure and creating long-term value for the country and its communities,” commented Zhiger Atchabarov, Executive Vice President, Deputy CEO, and Chief Operating Officer of ABA Bank.
“This financing marks a transformative milestone not only for SchneiTec but also for Cambodia’s energy future. The strong support from our banking partners demonstrates confidence in Cambodia’s economic resilience and energy transition, while enabling infrastructure that will enhance grid stability and support the country’s journey toward a cleaner and more sustainable future,” said Dr. Heng Socheat, CEO of SchneiTec Group, during the ceremony.
The project represents another example of ABA Bank’s readiness to participate in large-scale national development initiatives. The Bank is prepared to support major infrastructure and strategic investment projects through structured financing and high-value corporate loans, across key sectors including energy, agriculture, and infrastructure. Through such financing, ABA aims to serve as a long-term financial partner in Cambodia’s development.
