WASHINGTON, June 19, 2008- The following project was approved today by the World Bank’s Board of Executive Directors: IDA CREDIT: US$80.0 million equivalent TERMS: Maturity = 40 Years; Grace Period = 10 Years PROJECT DESCRIPTION: The Energy Sector Recovery Development Policy Project aims to ensure a sustained and sound long-term development of electricity services and supply of petroleum products for Senegal, through measures aimed at (i) enabling the national power utility (SENELEC) to restore its equilibrium by end of calendar year 2009 and to meet standard financial ratios and credit worthiness; and (ii) ensuring that the electricity and the downstream hydrocarbon sub-sectors develop and operate in an efficient and transparent way with adequate governance and investment. For more information, please call Aby Toure at (202) 473-8302 or e-mail here at akonate@worldbank.org For more project information please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P105279 |
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