ADB approves new financing support for renewable power projects in the Pacific

ADB approves new financing support for renewable power projects in the Pacific

FBC News – Thursday 25th April,2019.

The Asian Development Bank has approved an umbrella facility of up to $100 million which will provide financing support including loans, guarantees, and letters of credit to overcome constraints to private sector investment in renewable power projects in Pacific island countries.
The Pacific Renewable Energy Program will support an estimated five separate renewable energy projects in ADB’s Pacific developing member countries over a 5-year period.Read more…

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