We launch a large-scale solar power generation project of 50 MW in Cambodia. The government has given us approval which plans to generate 1.5 times the electricity we currently use in three plants located in an industrial park called PPSEZ in Cambodia.
We are fortunate to have a partner and are building a solar farm in Pursat province aiming for the year 2025. The local subsidiary will become a power generation company after amending its articles of incorporation at a shareholders' meeting in June 2024. The idea is to create the ultimate vertical integration in Cambodia.
In addition, following Cambodia and the Philippines, we are negotiating with the government in Thailand and expect to make some kind of announcement in the next fiscal year.
We believe that we cannot grow without becoming carbon neutral. Considering the current pace of growth and the fact that some of the factories that will be added through M&As may not be carbon neutral, achieving 100% is a difficult goal. However, we will not give up and will do what we can to increase our presence in the region, while cooperating with foreign governments.
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