DEG doles out $27.6m for Vietnam-based Gia Lai Electric

DEG doles out $27.6m for Vietnam-based Gia Lai Electric

DEG, the investment arm of German state-owned development bank KfW, has made a 25.5-million-euro ($27.6 million) commitment to Vietnamese power firm Gia Lai Electricity Joint Stock Company (GEC). The investment will be used to partly finance GEC’s equity capital spent in new wind farm projects, DEG said in its announcement.

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