Press Release - A new World Bank program is set to strengthen and expand the electricity network, improve sector financial viability, and enable renewable energy generation through private sector participation in Ethiopia.
Addis Ababa — A new World Bank program is set to strengthen and expand the electricity network, improve sector financial viability, and enable renewable energy generation through private sector participation in Ethiopia .
"Transforming the electricity sector in Ethiopia requires a medium-term approach to address interlinked structural and operational challenges and send a strong signal to the private sector. Through this program, the World Bank will partner with Ethiopia over the next 10 years with a financing envelope of up to $1.4 billion, to help the government crowd in other development partners and the private sector," will be implemented over several phases.
The PRIME project will be implemented by Ethiopian Electric Utility and Ethiopia Electric Power, two fully government-owned public enterprises.
News Politics Economy Trade Business Sports Current Events Travel Aid And Assistance Economy Business And Finance East Africa External Relations International Organizations And Africa Ethiopia Energy
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethiopia: USAID Improves Food Systems in Ethiopia With Two New Agriculture Projects Valued At $86.5 MillionPress Release - On March 5th, USAID Economic Growth and Resilience Office Director Amber Lily Kenny and State Minister Dr. Meles Mekonin from the Ministry of Agriculture, launched a $77 million Feed the Future Ethiopia Transforming Agriculture, and a $9.5 million Feed the Future Ethiopia Seed Systems projects.
Read more »
Ethiopia: In Ethiopia, Three Young Women Advocate for a Community Free From Female Genital MutilationEntering adulthood can be a beautiful journey, but for those who have experienced female genital mutilation (FGM), it often carries layers of pain and trauma. FGM leaves a scar that goes beyond physical pain. It robs young girls of the opportunity to embrace womanhood on their own terms. The shame and trauma often lingers with them for a long time.
Read more »
Ethiopia: Indian Companies Invited to Seize Investment Opportunities in EthiopiaEthiopian Ambassador to India, Demeke Atnafu called on Indian companies to further invest in Ethiopia and seize the untapped business opportunities in the east African nation.
Read more »
Ethiopia: Driving Economic Growth - Rise of Industrial Parks' Development in EthiopiaEthiopia, a country located in the Horn of Africa, has been making significant strides in its economic development over the past decades. One of the key drivers of this growth has been the establishment and expansion of industrial parks across the country.
Read more »
Ethiopia: Pepfar Announces 111 Mln. USD Support to Ethiopia's Response to HIV/AidsU.S. President's Emergency Plan for AIDS Relief (PEPFAR) has announced a 111 million USD support to Ethiopia's response to end HIV/AIDS by 2030.
Read more »
Ethiopia: U.S. to Support Ethiopia, Chad in Overcoming Sudanese Refugee CrisisThe U.S. Bureau of Population and Refugees announced that it will enhance cooperation with Ethiopia, Chad and other international organizations to alleviate the suffering of Sudanese refugees.
Read more »