Spain to lend $27m for project in RP

Spain to lend $27m for project in RP

MANILA: Spain will lend the Philippines 1.52 billion pesos
(US$27 million) to set up solar energy systems for remote
villages under a land reform program, the government said on
Friday.

Solar-powered systems would boost agricultural productivity
and electrify community facilities such as school buildings and
potable water systems in areas which are inaccessible to normal
power systems, it said.

Some 55,000 households in the central and southern Philippines
will be provided with photo voltaic energy systems for
agriculture and small businesses, the government said in a
statement.

The Philippines would contribute $50.2 million to the project.
-- AFP