(EnergyAsia, December 14) — Asian Development Bank (ADB) said it is lending $450 million to help stabilise the power situation in the Philippines. The funds will hep the Philippine government in restructuring the power sector, considered crucial to improving the country’s fiscal imbalance and investment climate. “Without a stable and reliable electricity supply, industry…
PHILIPPINES: ADB lends US$450 million to help build a stable and reliable power system
Posted on December 14, 2006 by EnergyAsia