World Bank approves $400M for Myanmar’s electrification plan
USA, Washington D.C.: The World Bank has approved a $400 million interest-free credit from the International Development Association (IDA) to provide financing and technical assistance for Myanmar’s National Electrification Plan (NEP).
USA, Washington D.C.: The World Bank has approved a $400 million interest-free credit from the International Development Association (IDA) to provide financing and technical assistance for Myanmar’s National Electrification Plan (NEP).
With this funding, the Government of Myanmar will accelerate the expansion of the country’s national electricity grid and build off-grid power solutions in rural areas, contributing to the country’s ambitious goal of universal access to electricity by 2030, according to the World Bank.
The project is expected to benefit over 6.2 million people by bringing electricity to more than 1.2 million households in Myanmar through 2021.
It will expand the existing electricity grid by adding medium- and low-voltage distribution networks, giving more towns and homes access to grid-based electricity. It will also include off-grid electrification systems such as solar systems and mini-grids to bring electricity to rural communities far from the national grid.
Source: World Bank
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