News Column

Guinea : GUINEA ELECTRICITY field gets £29.5m for Power Sector Recovery Project

June 24, 2014

As per the report, in Guinea, electricity sphere is receiving (29.5m) boost and it is anticipated profit of approx. 1.5 million people in the West African nation and the finance would be utilized in the Power Sector Recovery Project.

This plan would aid in enhancing the technical and commercial performance of the national power utility, the Electricite de Guinee (EDG), in addition, finance would also be used in renewal and upgrade of the national distribution system to improve electricity reliability and reduce power cuts in the country.

Moez Cherif, Task Team Leader for the project at the World Bank, which is providing the loan said: Lack of investment and maintenance of power infrastructure in Guinea for many years, combined with poor management of the national power utility, has led to widespread power shortages for households and businesses.

Today s project, in combination with investments that are supported by other donors, aims to address those issues, thus leading to increased and more reliable power supply, which in turn will facilitate economic growth and job creation.

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Source: TendersInfo (India)

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