ADB approves $127million loan to help provide Cambodia with electricity supply

Published onSeptember 18, 2020

The Asian Development Bank (ADB) has approved a $127.8 million loan to support the construction of transmission lines and substations to help provide Phnom Penh and three other Cambodian provinces with stable and reliable electricity supply. The project will also pilot the first utility-scale battery energy storage system in Cambodia, which will be funded by a $6.7 million grant. The amount includes $4.7 million from the Strategic Climate Fund under the Scaling Up Renewable Energy Program in Low-Income Countries and $2 million from the Clean Energy Fund under the Clean Energy Financing Partnership Facility. Both funds are administered by ADB. “The Grid Reinforcement Project, along with ADB’s ongoing assistance to Cambodia in power system planning, shows that adequate, reliable, and environmentally sustainable power supply can be provided at a reasonable cost to support equitable development,” said ADB Country Director for Cambodia Sunniya Durrani-Jamal. “The battery energy storage system will showcase how large-scale deployment of innovative technology applications can be used to operate Cambodia’s grid in the future and generate more renewable power.”

Source: https://www.devdiscourse.com/article/business/1207263-adb-approves-127million-loan-to-help-provide-cambodia-with-electricity-supply