BUSINESS— ADB supports renewable energy in Burma

The Asian Development Bank is to provide an additional US$2 million to encourage the Burmese Ministry of Agriculture and Livestock to harness renewable energy sources. The technical assistance project will provide access and investment plans for renewable energy, as well as demonstrate the implementation process through the construction of small solar and biomass power generators. Contrary to other media reports, the loan will not support power to an eventual 400,000 homes. The loan is in fact an extension to a $60million loan for a Power Distribution Improvement Project.