$70 from India for power
India is financing the construction of a US$70 million transmission line to bring electricity from hydroelectric projects in Laos to Cambodia, according to Indian Chamber of Commerce President Debasish Pattnaik. Speaking yesterday after the official launch of the Indian Chamber of Commerce in Cambodia (ICC), Pattnaik said Laos has signed an agreement with the Asian Development Bank (ADB) to finance the transmission lines from Laos to Stueng Trang and the $70 million soft loan from the Indian government would finance the line from Stueng Trang to Kratie. … Pan Sorasak, Secretary of State for Ministry of Commerce, said trade between Cambodia and India was starting to grow stronger. “I hope we start to do more direct work because now we are working to process many works together to promote direct investment.” …
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