ADB ready to extend financing to support PHL grid system - BusinessWorld Online

ADB ready to extend financing to support PHL grid system - BusinessWorld Online

SINGAPORE — The Asian Development Bank (ADB) is looking to extend up to a billion-dollar financing to strengthen the Philippine grid system in anticipation of the entry of new capacity coming from renewables, especially offshore wind. “We are looking at strengthening your national grid,” ADB Senior Director for Energy Priyantha Wijayatunga told reporters on the sidelines of the Asian Clean Energy Summit here on Wednesday. Mr. Wijayatunga said th…

ADB Plans Up to USD 1 Billion Financing to Modernize Philippines’ National Grid

The Asian Development Bank (ADB) is preparing to provide financing support of up to USD 1 billion to strengthen and modernize the Philippines’ national power grid, a critical step toward […] The post ADB Plans Up to USD 1 Billion Financing to Modernize Philippines’ National Grid appeared first on SolarQuarter.