IDA Credit: SDR 53 million (US$80 million equivalent)
Terms: Maturity = 40 years; Grace = 10 years
Project Description: The additional financing will enable the project to meet its original project development objectives and to scale-up the project’s energy access program to enhance the project’s impact. The objectives of this additional financing operation are consistent with those of the original project, namely to (a) enhance the policy, institutional and regulatory environment for private sector participation and sector development; (b) support the efficient expansion of power generation capacity to meet demand; and (c) increase access to electricity in urban and peri-urban areas while improving efficiency, reliability and quality of service to existing customers.
