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ADB okays $16M loan for solar farm

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Japanese-LED Asian Development Bank (ADB) has approved a $16.4 million loan for a new 60MW alternating-current solar farm in Kampong Chhnang province’s southwestern district of Teuk Phos.
Heng Chivoan
ADB okays $16M loan for solar farm
Thu, 18 February 2021
Japanese-led Asian Development Bank (ADB) has approved a $16.4 million loan for a new 60MW alternating-current solar farm in Kampong Chhnang province’s southwestern district of Teuk Phos.
This comes after the Council for the Development of Cambodia’s (CDC) on February 5 gave nod to the project, which the council noted had capital investment of $37.4 million and would be developed and operated by a Thai special purpose vehicle named Prime Road Alternative (Cambodia) Co Ltd. ....

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Pacific island nations turn to Beijing-backed AIIB as COVID-19 sinks economies

Pacific island nations turn to Beijing-backed AIIB as COVID-19 sinks economies
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The Asian Infrastructure Investment Bank headquarters in Beijing, China. (File photo: REUTERS/Tingshu Wang)
25 Jan 2021 09:42AM
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SYDNEY: Pacific island nations are turning to China-led agencies to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional Western partners, stoking fears the region is becoming more dependent on Beijing.
The Cook Islands, a tiny country of around 20,000 people in the South Pacific, turned to the Beijing-backed Asian Infrastructure Investment Bank (AIIB) late last year after loans from the US and Japanese-led Asian Development Bank (ADB) and grant from close ally New Zealand fell short. ....

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Pacific island nations turn to Beijing-backed AIIB as pandemic sinks economies

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SYDNEY/WELLINGTON (Reuters) - Pacific island nations are turning to the China-backed AIIB development bank to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional western partners, stoking fears the region is becoming more dependent on Beijing.
FILE PHOTO: The sign of Asian Infrastructure Investment Bank (AIIB) is pictured at its headquarters in Beijing, China July 27, 2020. REUTERS/Tingshu Wang/File Photo
The Cook Islands, a tiny country of around 20,000 people in the South Pacific, turned to the Asian Infrastructure Investment Bank (AIIB) late last year after a loan from the Asian Development Bank (ADB) and a grant from close ally New Zealand fell short, two sources with knowledge of the talks said. ....

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