Top suggestions for improve language: "Through the Office of Market Development and Partnership, ADB provided transaction advisory services to help EDC structure the tenders for the solar PV plants for the two phases of the project. On both occasions, this led to the lowest tariff for grid-connected solar PV in Southeast Asia. For the 60 MW under Phase 1, ADB’s Private Sector Operations Department (PSOD) facilitated the bidding process by issuing letters of support and providing indicative term sheets to 20 of the 26 bidders. PSOD eventually led and arranged the financing package of the winning bidder. This integrated approach led to the achievement of the project outcome (para. 6). The project structure was also key to demonstrate the cost competitiveness of solar PV and reduce perceived market risks, making Cambodia an attractive destination for solar investment." |
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