WASHINGTON, June 26, 2008- The following projects was approved today by the World Bank’s Board of Executive Directors:
IDA Credit: US$7 million
TERMS: Maturity = 40 Years; Grace Period = 10 Years
Project Description: The development objectives of the original Energy Services Delivery Project (ESDP) are to (a) accelerate, in a commercially viable manner, the use of electricity for
economic growth and social services and thus improve the quality of life in un-served and underserved areas (peri-urban and rural); (b) improve governance and ensure the financial sustainability of the sector, through the involvement of the private sector in partnership with the public sector, (c) reduce deforestation and increase access and diversify choice of renewable and cleaner fuels to the household and small and medium-sized enterprise sectors; and (d) promote regional cooperation while protecting the environment in a sustainable manner. This Additional
Financing aims at scaling up these objectives.
For more information, please call Aby K. Toure at (202) 473-8302 or e-mail at akonate@worldbank.org
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