Article length: 631 words
Ethiopia: World Bank approves $200m loan for electricity network
The World Bank on 27 May approved an additional $200m loan for the Electricity Network Reinforcement and Expansion Project (Enrep). The package includes a $5m grant from the Energy Small and Medium Enterprises Trust Fund while the Ethiopian government will provide $43m. Two carbon finance initiatives worth $21m have also been approved under the Carbon Initiative for Development to support off-grid renewable energy products. The project will focus on strengthening and expanding the grid as well as increasing the number of customers in connected areas. Efforts will also be made to develop the market for solar products and to provide technical assistance to state utilities.
Credit value: 8