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ADB helps support energy security in Philippines

MANILA, Oct. 9 (Xinhua) — The Asian Development Bank (ADB) said Monday it has been awarded a contract as transaction advisor to help the Philippines Power Sector Assets and Liabilities Management Corporation (PSALM) to monetize the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex and enhance energy security in the country’s main island of Luzon.

The Manila-based bank said the hydroelectric powe