Bissau receives 2.24 million USD in financing from WB for electricity
7 June 2011
The World Bank has granted a package of 2.24 million dollars to Bissau in order to contribute to the financing of projects in the domain of water and electricity.
The agreement was signed last Friday between the Minister for the Economy Helena Nosolini Embalo abnd the deputy director of operations for the World Bank, MacDonald Benjamin, reports the Xinhua press agency.
These funds are destined for the Emergency Project for the rehabilitation of the electricity and water sectors.
"This supplementary financing is important, since it will double the production capacity of the Water and Electricity company of Guinea-Bissau (EEGB) in the city of Bissau, which will improve the business and security environment with better public lighting in the city", said Moez Cherif, senior economist for energy, who is in charge of the EEWRP program within the World Bank, quoted by the APA press agency.