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Solomon Islands - Sustainable Energy Project - Additional Financing and Restructuring

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Washington DC, March 20, 2014—The World Bank's Board of Executive Directors today approved the following project.

IDA Credit: US $11.0 million equivalent
Terms: Maturity = 40 years, Grace = 10 years
IDA Grant US $2.0 million equivalent
Project ID: P146816

Project Description: The objective of the project is to improve operational efficiency, system reliability and financial sustainability of the Solomon Islands Electricity Authority (SIEA).