The Asian Development Bank (ADB) has approved a 7.64-million-U.S. dollar loan to support the construction of a 100-megawatt (MW) solar power park in Cambodia, said its press release on Friday.
The project will help the country develop renewable energy resources, diversify its energy mix, and improve the competitiveness of its economy, the release said.
“Having reliable, sustainable, and affordable energy sources is crucial for the economic development of a rapidly expanding country such as Cambodia,” said ADB Principal Climate Change Specialist Pradeep Tharakan.
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