World Bank funds Ethiopian power grid

subscribe

A $180 million credit for Ethiopia will help the country increase the amount of electricity available to rural communities, the World Bank said.

The World Bank said it awarded the additional financing to help the Ethiopian government expand electricity coverage for its citizens.

The bank said that despite development in the African nation, more than 80 percent of the population is living without modern electricity.

"It is the objective of the World Bank and the government of Ethiopia to radically change this situation," the bank said in a statement.

The $180 million credit supports upgrades in several major Ethiopian cities, including the capital Addis Ababa. Rural projects would expand the electricity coverage in about 50 villages, increasing the total coverage area for around 700,000 people.

Raihan Elahi, a task manager at the World Bank, said work in Ethiopia has "has expanded electricity access to a large number of rural and small town dwellers on a sustainable basis, and supported income-generating activities made possible by the new power supply."

The bank added that the lack of electricity in Ethiopia is dragging on economic growth.

Related News

San Diego Gas & Electric

Utilities commission changes community choice exit fees; what happens now in San Diego?

SAN DIEGO - The California Public Utilities Commission approved an increase on the exit fees charged to customers who take part in Community Choice Aggregation -- government-run alternatives to traditional utilities like San Diego Gas & Electric.

After reviewing two competing exit fee proposals, all five commissioners voted Thursday in favor of an adjustment that many CCA advocates predicted could hamper the growth of the community choice movement.

But minutes after the vote was announced, one of the leading voices in favor of the city San Diego establishing its own CCA said the decision was good news because it provides some regulatory…

READ MORE
heatwave

Sask. sets new record for power demand

READ MORE

Manitoba Hydro applying for 5 per cent interim rate increase

Consumers Coalition wants Manitoba Hydro?s proposed rate increase rejected

READ MORE

undersea cable

Fish boom prompts energy conglomerate to spend $14.5M to bury subsea cables

READ MORE

Quebec Halts Crypto Mining Electricity Requests

READ MORE