WASHINGTON, December 20, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors: IDA CREDIT: US$ 41.5 million TERMS: Maturity=40 years, Grace=10 years PROJECT DESCRIPTION: The Ethiopia-Sudan Interconnector will allow power trading between the two countries, where just 6 and 22 percent of the respective populations have access to electricity, thereby promoting Ethiopia’s power export revenue generation capacity. The project will enable Sudan to replace domestic thermal generation with surplus hydropower from Ethiopia, reducing Sudan’s greenhouse gas emissions and enabling the two countries to better integrate their reserve capacity, thus improving reliability on the interconnected system. For more information, please call:
Timothy Carrington at (202) 473-8133 or email tcarrington@worldbank.org |
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