Germany set to launch first loan to Cambodia

The German Embassy on Thursday announced its first loan to the Kingdom of Cambodia of €30 million ($34.06 million), which will be used to upgrade its rural energy grid.

The embassy said in a statement after a meeting with Electricite du Cambodge (EDC – Electricity Authority of Cambodia) that by investing in rural energy efficiency, the EDC can reduce power losses significantly, improve access in remote areas and increase the reliability of power supply.

The improved access to power grids in rural Cambodia also contributes to Cambodia’s ambitious targets to reduce greenhouse gas emissions, the statement said.

In full: https://www.phnompenhpost.com/business/germany-set-launch-first-loan-cambodia

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