#World Bank

The funding comes in support of the Enabling the Energy Transition project for Armenia.

NamPower, the national electricity utility, will use the loan as it seeks to wean itself off electricity imports from neighbouring countries.

Togo could soon secure $200 million from the World Bank for the Improved Digital Access and Electricity Access Project (IDEA).

The World Bank said on Wednesday that its board had approved a $1 billion loan to help South Africa reform its energy sector.

Mali will receive over $200 M for its electricity network upgrade to improve reliability and access.

Ethiopia, Addis Ababa: The Ethiopian Electric Utility (EEU) has announced power distribution improvement projects in Addis Ababa worth over $57 M.

Gambia, Banjul: The European Union has announced it will provide a grant for the acceleration of “Gambia Renewable Energy” project implementation.

The Transmission Company of Nigeria (TCN) has received eight new power transformers under the World Bank funded Nigerian Electricity Transmission Project.

The Asian Development Bank (ADB) has approved $189 M loan for construction of HV transmission infrastructure in Pakistan.

The World Bank Group announces a major initiative to electrify sub-Saharan Africa (SSA) with distributed renewable energy.

Bangladesh, Dhaka: Bangladesh and the World Bank have signed a $515 M financing agreement to help 9 million people get access to reliable electricity.

The World Bank says that Nigeria will need about $100 B in the next 10 years to tackle the challenges in its energy sector.

Djibouti: The $55 M Second Djibouti-Power System Interconnection Project has been approved by the World Bank’s Board of Executive Directors.

Senegal: The World Bank has approved $150 M from the International Development Association (IDA) to increase access to electricity in Senegal.

Nigeria: The Transmission Company of Nigeria (TCN) took delivery of 15 brand new power transformers from the Apapa port, Lagos, earlier last week.

USA, Washington: The World Bank’s Board of Executive Directors has approved $195 M loan for Pakistan.

Uzbekistan, Tashkent: The Ministry of Energy of Uzbekistan has announced approval of a new $380 M project.

Nigeria: Nigeria has applied for a $3 B loan at the World Bank for the expansion of transmission and distribution networks confirmed the minister of finance, budget and national planning, Hajiya Zainab Ahmed.

The World Bank has approved grants and loans totalling $57 M for the project to interconnect the Mozambican and Malawian electricity grids.

The World Bank’s board of executive directors approved a $22.7 M financing to support Mali’s efforts to promote the deployment of renewable energy in rural areas.

Ethiopia: The World Bank’s board of executive directors have approved $200 million REGREP to mobilise IDA guarantees under a Multi-Phased Programmatic Approach.

Burkina Faso has obtained funding from the World Bank and intends to use part of this funding to cover the realisation of rural electrification networks in Burkina Faso.

Liberia: Liberia Electricity Corporation (LEC) has started construction of the Virginia substation outside Monrovia, under the Liberia Accelerated Electricity Expansion Project (LAEEP).

Bangladesh: The Asian Development Bank (ADB) has approved a $500 million loan for the development of an 800 MW power plant in Khulna, Bangladesh along with the associated power transmission facilities.