India to give $20 million in loans for the construction of electricity transmission lines

[geovalin]

India, the world’s second most populous nation, agreed to provide a $20 million concessional loan for the construction of electricity transmission lines in Cambodia after Prime Minister Hun Sen’s official four-day visit to India. According to a joint statement, “The two governments agreed to sign a $20 million loan agreement for the construction of a transmission line in Cambodia in the near future.

 

“The Indian Prime Minister expressed India’s commitment to continue the development partnership in the priority sector of the Government of the Kingdom of Cambodia. In this case, India will increase the number of annual fast-track projects in Cambodia from 5 to 10 projects,” it said. The Indian government has also expressed its desire to provide additional loans to Cambodia’s infrastructure projects, including health (establishing specialised hospitals) and connectivity (roads, railroads and digital).

 

By the end of last year, the Cambodian government had expanded electricity to 10,589 villages nationwide, or about 75 percent. A total of 1.9 million households were also connected, or 58 percent, according to the Ministry of Energy. Cambodia generates 200MW of its energy though oil-powered electricity plants, 500MW through coal-fired plants and 928MW through hydropower plants.

 

read more http://www.khmertimeskh.com/50104934/india-to-give-20-million-in-loans/

 

 

-- © Copyright Khmer Times 29/01

[Bundooman]

So let me get this straight. The UK pays three times more in aid to other countries than any other country does. (Google UK monetary aid to foreign countries).

 

In 2016, the UK managed to give India 13 Billion pounds sterling. This, despite the hardships that many Brits suffer - both at home and abroad.

 

India has just given a 20 million dollar loan to Cambodia.

Edited January 29, 2018 by Bundooman
Unfinished

[Bundooman]

Hit the wrong key!

 

So let me get this straight. The UK pays three times more in aid to other countries than any other country does. (Google UK monetary aid to foreign countries).

 

In 2016, the UK managed to give India 13 Billion pounds sterling. This, despite the hardships that many Brits suffer - both at home and abroad.

 

India has just given a 20 million dollar loan to Cambodia. There is something seriously wrong here.......      (now completed)!

Edited just now by Bundooman

[Jonmarleesco]

Wonder if that  came from British aid money, or whether the aid money has gone to funding something like Indian-sitar lessons?