WASHINGTON, July 13, 2004 - The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT: US$80 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: This project aims to enhance the policy, institutional and regulatory environment for private sector participation and sector development, by supporting efficient expansion of power generation capacity to meet the economy’s projected supply deficits by 2006/07, and by increasing access to electricity in urban, peri-urban and rural areas, while improving the efficiency, reliability and quality of electricity services to current consumers. The main development objective is to support investments needed to: improve the quality and efficiency of power system operations; meet power demand through implementation of economic options; and improve access to electricity to the urban poor.
For more information, please call Herbert Boh at (202) 473-3548, or email: hboh@worldbank.org. For project information documents, visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P083131
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