ADB lends USD20 Million To Ensure Sufficient Gas Supply in Hubei
Xinhua
DATE:  Apr 01 2020
/ SOURCE:  xinhua
ADB lends USD20 Million To Ensure Sufficient Gas Supply in Hubei ADB lends USD20 Million To Ensure Sufficient Gas Supply in Hubei

(Yicai Global) April 1 -- The Asian Development Bank (ADB) signed a USD20 million loan agreement with China Gas Holdings Co. Ltd. yesterday to shore up supply of natural gas and liquefied petroleum gas in Wuhan and other hard-hit regions in Hubei province by the COVID-19 epidemic.

The aid helps to ensure the continuous supply of basic power sources in Hubei, Director General of ADB's Private Sector Operations Department Mike Barrow said.

It is conducive to meeting the cities' short-term financing demand while boosting their resistance against the epidemic to continue their fight, Barrow added.

China Gas is a gas operator that provides natural gas and liquefied petroleum gas to residents and businesses.

Editor: Xia Ruirui

Follow Yicai Global on
Keywords:   Asia Development Bank,Wuhan ,Hubei,China Gas