ADB Lends $4 Million in Loan to Afghanistan’s 15 MW Solar Project
Solar power accounts for only about 1% or 3 MW of Afghanistan’s total installed generation capacity
May 28, 2019
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A $4 million loan agreement has been signed between the Asian Development Bank (ADB) and Barakat Kandahar Solar Energy (BKSE). BKSE is a special purpose vehicle (SPV) with its majority owned by 77 Afghanistan, a subsidiary of 77 Group. The co-borrowers in this deal include three subsidiaries of 77 Group, ADB said in a media statement.
Soumik Dutta
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