WORLD BANK PROJECT AIMS TO PROVIDE LOW-COST ENERGY IN AFRICA’S GREAT LAKES REGION

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From: UNNews <UNNews@un.org>
Date: 6 Aug 2013 18:00:01 -0400
Subject: WORLD BANK PROJECT AIMS TO PROVIDE LOW-COST ENERGY IN
AFRICA'S GREAT LAKES REGION
To: news11@ny-mail-p-lb-028.ptc.un.org

WORLD BANK PROJECT AIMS TO PROVIDE LOW-COST ENERGY IN AFRICA'S GREAT
LAKES REGIONNew York, Aug 6 2013 6:00PMThe World Bank today
<"http://www.worldbank.org/en/news/press-release/2013/08/06/world-bank-approves-rusumo-falls-hydropower-plant">approved
$340 million for a hydroelectric project that aims to benefit 62
million people in Burundi, Rwanda and Tanzania – part of a Great Lakes
regional initiative inaugurated by the Bank's President and United
Nations Secretary-General Ban Ki-moon during their first-of-a-kind
joint visit to the region in May.

The Regional Rusumo Falls Hydroelectric Project, which has a total
cost of $468 million and an eventual 80 megawatt generation capacity,
will boost reliable power supply to the electricity grids of the three
countries, reduce electricity costs and promote renewable power.

It will also spur job-led economic development and pave the way for
more dynamic regional cooperation, peace and stability among the
countries of the Nile Equatorial Lakes (NEL) sub-region in east
Africa, the Bank stated in a news release.

"This landmark project will have transformational impact, bringing
lower-cost energy to homes, businesses, and clinics in Burundi, Rwanda
and Tanzania," says Colin Bruce, Director, Strategy, Operations and
Regional Integration.

"By connecting grids, people and environmentally sensitive solutions,
the project will help to catalyze growth and to encourage peace and
stability in the sub-region."

The project is the first operation under the World Bank Group Great
Lakes Regional Initiative, which was inaugurated during the visit by
Mr. Ban and World Bank Group President Jim Yong Kim in May.

The joint visit was in support of a UN-brokered peace agreement signed
earlier this year aimed at ending the cycles of conflict and crisis in
the Democratic Republic of the Congo (DRC) and to promote economic
development in the region.

In 2011, the Bank helped to provide electricity to an additional 1.4
million people in African countries; construct and repair some 6,640
kilometres of roads; and improved water supplies for more than 8
million people.

"The Rusumo Falls Hydroelectric Project takes a regional approach to
tackling sub-Saharan Africa's power crisis, providing low-cost, clean,
renewable energy to people in Burundi, Rwanda and Tanzania," says
Jamal Saghir, World Bank Director for Sustainable Development in the
Africa Region.

"The new power plant signals the Bank's commitment to keeping the
lights on across the African continent, necessary for achieving
growth, ending poverty and boosting shared prosperity in the
region."Aug 6 2013 6:00PM
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