Guinea Bissau: WB allocates 2.2 million dollars to electricity infrastructure project
26 May 2011
The World Bank has just awarded an additional grant of 2.2 million dollars to the Emergency Electricity and Water Rehabilitation Project in Guinea-Bissau.
Senior energy economist of the World Bank, Moez Cherif indicated in a press release reported last week by the newspaper SudQuotidien that: "the Emergency Electricity and Water Rehabilitation Project is just the first step towards greater investments and reform of the electricity and water sectors".
He pointed out that this funding is important because it will enable a doubling of the generating capacity of the Water and Electricity Company of Guinea-Bissau (EEGB) in the city of Bissau.
There is currently a large deficit in electricity generation in Guinea-Bissau. Although demand for electricity is estimated at 30 MW, the national electricity company only supplies 3MW, or just 10 percent of demand, reports the PANA press agency.