Illustrative image (Photo: adb.org)Phnom Penh (VNA) - The Asian Development Bank (ADB) has approved a 127.8 million USD loan to supportthe construction of transmission lines and substations in Cambodia, the bank said in a press statement.
The project will help providePhnom Penh, capital of Cambodia, and three other provinces with stable andreliable electricity supply, the statement said.
"The Grid ReinforcementProject, along with ADB's ongoing assistance to Cambodia in power systemplanning, shows that adequate, reliable, and environmentally sustainable powersupply can be provided at reasonable cost to support equitable development,"said ADB country director for Cambodia Sunniya Durrani-Jamal.
The government has set energysector development as a national priority, as more robust electricity supplywill boost economic productivity and the quality of life, the statement said.
The project will help the Electricite du Cambodge, Cambodia's nationalelectricity utility, strengthen its transmission infrastructure by financingthe construction of four 115-230 KV transmission lines and 10 substations inPhnom Penh and Kampong Chhnang, Kampong Cham, and Takeo provinces.
Since 1994. ADB provided loans of nearly 200 million USD for Cambodia todevelop its energy sector. Last year, the bank gave 7.64 million USD to theSoutheast Asian country to build a solar power park through public-privatepartnership model./.
VNA
