RoK bank funds solar power project
The Export-Import Bank of the Republic of Korea (Korea Eximbank) has approved a $12 million loan for a solar power generation project in the 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 project includes the construction of solar energy generating facilities to benefit 1,514 households in the districts of Le Thuy, Quang Ninh, Bo Trach and Minh Hoa, where are unreachable by the national power grid.
Additionally, the project will help supply power for 41 schools, 13 ranger stations, two communal People’s Committees and eight cultural houses in 10 local remote communes.
The project is scheduled for completion by 2013.
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