World Bank: $500 Million For Ethiopia’s Electrification

World Bank Approves $500 Million For Ethiopia’s National Electrification Program; To Be Disbursed Through IDA, Funds To Be Used For Solar PV Deployment & Closing Gender Gap, Among Others

The International Development Association (IDA) has raised $500 million as credit from the World Bank to be used to support Ethiopia’s goal of achieving universal electricity access by 2025, under its National Electrification Program (NEP).

Ethiopia Selects ACWA Power For 250 MW Solar Capacity

ACWA Power Wins 250 MW Solar PV Capacity In Ethiopia Under World Bank’s Scaling Solar Program For $0.02526/kWh; Ethiopian Finance Ministry Touts It As Lowest Bid In Africa & One Among Lowest Globally

Ethiopia’s first solar auction under the World Bank Group's Scaling Solar program has been won by ACWA Power of Saudi Arabia. Pictured is the 50 MW Vinh hao 6 Solar Power Plant in Vietnam energized by ACWA Power in June 2019.

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