ADB to offer 20 mln USD for Cambodia to build regional electricity network
Dec 2, 2006 - Xinhua
The Asian Development Bank (ADB) will offer 20 million U.S. dollars of loan for Cambodia to build electricity network from Kampot province to Sihanoukville, a press release from the Ministry of Finance and Economy said here on Saturday.
The loan agreement was signed by Keat Chhoun, Senior Minister and Minister of Finance and Economy, Rajat Nag, ADB Head in charge of Southeast Asia, and Heu Vanthorn, Deputy Director General of Electricity Du Cabomboge (EDC) on Friday, it said.
The loan has the main target for helping the government build the network for distributing electricity power from Kampot province to Sihanoukville and enlarge the capacity of the EDC, it said.
The loan project will be exercised by the EDC from 2007 to 2011, it added.