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