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ADB lends Afghanistan $4m for solar project

· 2 min read · 295 views

KABUL a $4 million loan for a solar power project in Kandahar province.

The ADB signed an agreement to the effect with the Barakat Kandahar Solar Energy (BKSE) -- a special purpose vehicle (SPV).

BKSF majority is owned by 77 Afghanistan -- a subsidiary of 77 Group. The co-borrowers in this deal include three subsidiaries of 77 Group, an ADB statement said.

Azim Hashimi, senior public-private partnership specialist at ADBm called a reliable energy source important for the growth and development prospects of Afghanistan . . .

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