Friday, 1 February 2008

ADB provides loan for Cambodia to build power lines from Thailand

Philippine Star
Thursday, January 31, 2008

PHNOM PENH (AP) - The Asian Development Bank signed an agreement Thursday to provide a $7 million loan to build transmission lines to bring electricity from Thailand into power-short northwestern Cambodia, including the popular tourist destination of Angkor Wat.

The bank said in a news release that the 115-kilovolt power lines will be the first to be privately owned in the Greater Mekong Subregion, comprising Cambodia, Laos, Myanmar, Thailand, Vietnam, and China's Yunnan province.

It is also the bank's first private sector infrastructure project in Cambodia, it said.The loan, which does not carry a government guarantee, is being made to the (Cambodia) Power Transmission Lines Co. Ltd., a private Cambodian company, said the Manila-based bank.

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