In Brief: Caribbean Development Bank approves loan

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Tuesday, July 25, 2017

The Caribbean Development Bank approved a loan of US$6.2mn to help Anguilla Electricity Company (Anglec) meet the growing electricity demand in the Caribbean island.

Planned upgrades include expansion of the Corito plant to accommodate two additional engines, and the installation of 5.1MW diesel/propane plant, the lender said in a statement. Anglec will provide US$2.8mn for the project.

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