Thank you! World Bank lends Ethiopia $180mn for energy infrastructure
July 3, 2010 at 1:06 AM Leave a comment
The World Bank Board of Executive Directors approved an International Development Association (IDA) credit of $180 million to support energy infrastructure, Ethiopian Television reports here Friday.
This loan aims to support Ethiopia’s efforts to provide adequate and cost effective electricity supply and rapidly scale up electricity coverage and access for all citizens.
Ethiopia is currently undertaking billions of dollars worth of investments on hydro-electric plants, which will help the country to also supply power to neighbouring countries like Djibouti, Kenya and Sudan.
Ethiopia is currently generating around 2,000 megawatt of power for its local consumption.
“The additional financing aims at scaling-up certain components of the Energy Access Project which seeks to expand access to electricity and improve the quality and adequacy of power supply ; improve energy end-use efficiency, developing renewable energy resources ; and strengthen institutional capacity,” the World Bank said.
Trackback this post | Subscribe to the comments via RSS Feed