Tag: World Bank

Nigeria to expand grid with a $3 B loan

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.

$1.57B raised to boost Nigeria’s transmission network

Nigeria: In bids to expand Nigeria's electricity grid to 20,000 MW over the next four years, the World Bank, African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and the French Development Agency have raised $1.57 billion for the Transmission Company of Nigeria (TCN).

World Bank to support Nigerian transmission network with $486M

Nigeria: Speaking at a meeting with operators in the power sector in Nasarawa, the Transmission Company of Nigeria (TCN)’s Interim Managing Director, Mr. Usman Gur Mohammed, said the World Bank has shown interest to support Nigeria’s Transmission Rehabilitation and Expansion Programme (TREP) with $486 million.

Nigeria secures total of $576M for transmission grid expansion

The Transmission Company of Nigeria (TCN) has managed to secure a funding of $406 million from the World Bank for the transmission expansion projects across the country, as well as further $170 million from the African Development Bank (AFDB) for five new transmission projects in the capital.

Cameroon secures $1.2B funding for 420 MW hydroelectric project

Cameroon: French electricity producer EDF and the World Bank will assist the government of Cameroon in West Africa to fund a $1.2 billion hydroelectric project, which is said to provide power for up to a third of the country's electricity needs.

$500M loan approved for $1.45B electrification program in Sumatra

Indonesia, Jakarta: Indonesia’s state-run utility PLN will receive a $500 million loan from the World Bank aimed to support implementation of the electrification program which will bring electricity to parts of Sumatra which are yet to be connected to the national grid.

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).