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Home » Finance » Maldives Secures USD 50.5 Million Financing from ADB for Renewable Energy and Grid Upgrades
Finance

Maldives Secures USD 50.5 Million Financing from ADB for Renewable Energy and Grid Upgrades

By Michael CarterJanuary 4, 20242 Mins Read
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The Maldivian government has finalized a financing agreement with the Asian Development Bank (ADB) amounting to USD 50.5 million, with the aim of bolstering renewable power generation and upgrading the grid infrastructure across the South Asian archipelago. The funding package comprises USD 41.5 million in grant financing from the Asian Development Fund, accompanied by a

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Asian Development Bank Energy Storage Finance Floating Solar Funding Infrastructure Maldives Solar Panel South Asia
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