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World Bank approves U$27m for electricity in Liberia

Jonathan O. Grigsby/ Jos Garneo Cephas

(elbcradio.com/Jan. 13, 2016)-A 27 million United States Dollars has been approved by the World Bank to increase access to affordable and reliable electricity in Liberia.

The funding is to also foster the use of renewable energy sources across the country.

A release quotes the World Bank as saying the agreement comprises of a 25 million grant from the Strategic Climate Fund Scaling Up Renewable Energy Program and 2 million International Development Association credit.

The Liberia Renewable Energy Access Project seeks to establish a mini-hydropower plant to benefit about 50,000 people, as well as small businesses, associations and public institutions in Lofa County through connections to the mini-hydro electric grid.

The project would also benefit additional 100 thousand people nationwide who would gain access to stand-alone solar systems and lanterns.

 


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