WASHINGTON, May 23, 2006- The following project was approved today by the World Bank’s Board of Executive Directors:
IDA CREDIT: US$50 Million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The main objective of this project is to relieve critical power supply constraints and enhance the overall technical efficiency and quality of electricity supply by supporting the Republic of Yemen’s power sector reform initiatives and strengthening the sector’s corporate governance to improve the efficiency of the Public Electricity Corporation.
For project details, please call Dina El Naggar (202) 473-3245 or email Delnaggar@worldbank.org
For more information, please visit the project website: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P086865
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