The Asian Development Bank (ADB) has signed a $116 million green loan for three wind farms in the central Vietnamese province of Quang Tri, aiming to increase the Southeast Asian country’s wind power capacity by 30 per cent.
MANILA, Philippines, May 28 The Asian Development Bank issued the following news release on May 27, 2021:The Asian Development Bank (ADB) signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nguyen) to build and operate three
News Release | 27 May 2021
MANILA, PHILIPPINES (27 May 2021) The Asian Development Bank (ADB) signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nguyen) to build and operate three 48-megawatt (MW) wind farms, totaling 144 MW, in Quang Tri Province, Viet Nam. The project will increase Viet Nam’s wind power capacity by 30%, helping the country meet the rapidly growing demand for energy.
Lien Lap, Phong Huy, and Phong Nguyen are owned by Power Construction Joint Stock Company No.1 (PCC1) and RENOVA, Inc.
ADB Signs $65 Million Loan to Sustain Fiji Airways’ Services in the Pacific
News Release | 12 March 2021
MANILA, PHILIPPINES (12 March 2021) The Asian Development Bank (ADB) has signed a $65 million COVID-19 Liquidity Support Facility for Fiji’s Air Pacific Limited, which operates as Fiji Airways and (through its wholly-owned subsidiary) Fiji Link, to help fund the company through the international travel downturn caused by the coronavirus disease (COVID-19) pandemic and to support its return to profitable operation.
The financing comprises a $40 million loan from ADB and a further $25 million loan from the Leading Asia’s Private Infrastructure Fund (LEAP), which will be administered by ADB.
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