German bank to loan 23 million euro to power hundreds of villages in Shan State
Germany is giving Myanmar a Euro 23 million loan to supply electricity to 416 villages in southern Shan State, a Electricity and Energy Ministry official said. He that Germany had agreed to loan the funds totalling Euro 23.884 million, and the matter was now pending the Hluttaw’s approval. The money from the KfW Development Bank will be used to build power infrastructure, which will take time, as Shan is a hilly region.
