Guinea to benefit from $23m AfDB grant
27 January 2011
An energy infrastructure project in Guinea is to be funded by the African Development Bank (AfDB).
A $23 million (£14.5 million) grant will help with the rural electrification project and 60,000 people are to gain access to the national interconnected grid as a result.
Once it has been completed, the rural electrification rate will increase from three per cent in 2009 to 15 per cent by 2015.
"The project will help improve the people's living and working conditions. It will provide opportunities for the creation and development of income-generating activities," a statement by the AfDB said.
It is the Basse and Moyenne Guinee regions that will benefit from the scheme, which hopes to reduce the rate of energy loss to 20 per cent by 2015.
Up to 31 communities in Guinea - which is located in the west of Africa and has a population of around ten million - will see positive outcomes as a result of the grant.