WASHINGTON, June 17, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:  Credit:  US$120 million TERMS: Maturity = 40 Years; Grace Period = 10 Years PROJECT DESCRIPTION: The Power Sector Development Policy Credit supports a subset of the Government’s program of power sector reform. The policy actions supported by the Credit cover the areas of: (i) financial stability and restructuring, (ii) private investment in generation (iii), regulatory reform and institutional strengthening, (iv) corporate governance of state-owned enterprises in the sector, (v) transparent and accountable commercialization of energy services, and (vi) rural electrification strategy and institutional development. The development objective is the enhancement of governance and accountability, and financial stability in the sector, leading to better and more sustainable service provision.  For more information, please call Erik Nora at (202) 458-4735 or e-mail here at enora@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P107797  |
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