World Bank approves more funding for power production in Guinea Bissau

24 May 2011

Washington, USA, 24 May – The World Bank last week approved a loan of US$2.2 million to support the water and electricity sectors in Guinea Bissau, according to a statement issued in Washington.

According to the statement, this additional aid aims to complement aid worth US$12.7 million approved in July, 2010 for the Emergency Electricity and Water Recovery Project and will make it possible to purchase a 5 megawatt generator.

“This additional funding is important because it makes it possible to double the electricity supplied to the city of Bissau, thus improving the supply of drinking water and the business climate,” said Moez Cherif, senior economist and leader of this World Bank project.

Guinea Bissau has a structural deficit in its production and distribution of electricity and in the capital production is less than 4 megawatts for estimated demand of 30 megawatts.

Due to a lack of electricity from the public system, there is currently private production capacity of an estimated 20 megawatts at large consumers such as embassies, international organisations, hotels and other institutions as well as 1,000 small generators used in the residential sector. (macauhub)