World Bank loans to help over 5,000 villages receive electricity

LOANS from the World Bank will give the Ministry of Electricity and Energy the financial leeway to provide electricity to more than 5,000 villages across the country in two fiscal years, Deputy Chief Engineer U Thura Aung Bo said at a press conference in Nay Pyi Taw on Wednesday.
At the conference, the ministry briefed the press on its plan to connect the currently unpowered villages to the national electricity grid, with the deputy chief engineer explaining that these villages lack electricity due to their remote locations away from the power grid system.
“The villages designated are over two miles from national electricity grid systems,” U Thura Aung Bo said.
The World Bank granted a US$300m loan to the country last December in a bid to help light rural households.
The ministry said that it would require US$670m to implement the five-year nationwide rural electrification plan which expires in 2020.
The ministry has set a goal to increase the percentage of nationwide electrification to 99 per cent by 2030.

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