The World Bank’s Board of Executive Directors approved the Uganda Power Sector Development project today.
The Power Sector Development operation has three major components: a set of investments and policy measures designed to reduce the supply-demand gap until the Bujagali hydropower plant comes into service around 2011; financial support for the Government to absorb a part of the high costs of short-term thermal power generation; policy measures aimed at making the sector financially viable, accelerating rural electrification, and moving towards a sector-wide approach for development.
Additional information:
World Bank project database
News date:
26/04/2007
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