YANGON (REUTERS) – The World Bank has approved US$400 million (S$560 million) in interest-free credit to support Myanmar’s moves to boost electricity access across one of Asia’s poorest and least-connected countries. The loan provided by the bank’s International Development Association (IDA) covers financing and technical assistance for a National Electrification Plan, which seeks to power […]
ADB to Loan $60 Million for Myanmar’s Electricity Network
December 18, 2013 by
YANGON — In a push to develop Myanmar’s national power grid, the Asian Development Bank (ADB) has offered a US$60 million loan to improve access to electricity in four divisions. Some 480,000 households in Yangon, Mandalay, Sagaing and Magway divisions will see access to a more reliable electricity supply through the loan, ADB said Monday. […]
