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LOANS & CREDITS

Eritrea- Power Distribution and Rural Electrification Project -Additional Financing

June 26, 2008



IDA Grant: US$17.5 million
Project Description: The additional financing for the Power Distribution and Rural Electrification project is part of broad-based support for economic growth through rehabilitation of both the electricity distribution network and generation plants. The Bank has been supporting the development of the power sector in Eritrea through a credit and grant of US$50 million approved in June 2004. The key components of this project include rehabilitation and expansion of electricity distribution system in Asmara, Eritrea’s capital, rural electrification in four areas of the country, and a program for power sector reform and the building of related institutional capacity to increase efficiency in electricity sector operations.


Media Contacts
Beldina Auma
Tel : (202) 458-7307
baumaowuor@worldbank.org

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