Clean energy projects in South Asia and the Greater Mekong Subregion are set to receive a funding boost through a USD15 million investment from the Asian Development Bank.
The money will be coursed through the Mekong Brahmaputra Clean Development Fund, a newly set-up fund that will invest in businesses engaged in energy efficiency, renewable energy, waste recycling and water conservation projects.
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The fund aims to raise USD100 million and is expected to be invested in up to 10 clean energy projects by 2014.
