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16 April 2008

The Government of Australia and the Asian Development Bank Pilot a Financing Innovation to Support Good Governance

MANILA, PHILIPPINES - The Government of Australia and the Asian Development Bank (ADB) are piloting an innovative mechanism to support power sector reforms in Samoa.

The ADB has approved a financing package to support the Electric Power Corporation’s (EPC) eight-year investment plan to improve the reliability and security of power supply. The investment plan is accompanied by power sector reforms to ensure that the investments benefit end-consumers.

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