Business

RoK bank funds solar power project

The Export-Import Bank of the Republic of Korea (Korea Eximbank) has approved a 12 million USD loan for a solar power generation project in the central province of Quang Binh.
The Export-Import Bank of the Republic of Korea (Korea Eximbank) hasapproved a 12 million USD loan for a solar power generation project inthe central province of Quang Binh.

An agreement on the loan was signed between the Korea Eximbank and the provincial People’s Committee on June 30.

The 13.6 mln USD project includes the construction of solar energygenerating facilities to benefit 1,514 households in the districts of LeThuy, Quang Ninh, Bo Trach and Minh Hoa, where are unreachable by thenational power grid.

Additionally, the project willhelp supply power for 41 schools, 13 ranger stations, two communalPeople’s Committees and eight cultural houses in 10 local remotecommunes.

The project is scheduled for completion by 2013./.
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