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Tanzania’s rural electrification expansion programme gets $200m World Bank backing

by: Category: Banking & Finance, East Africa, Energy A+ / A-

By Dan Mganda

Tanzania’s rural electrification expansion programme is set to receive $200 million approved by the World Bank, through the International Development Association.

According to the World Bank the rural electrification expansion programme seeks to build on the recent achievements accomplished in 2014 of expanding nationwide access to 36 percent in the East African nation.

The national rural electrification programme (2013–2022) under which the new programme is to be implemented, includes both on-grid and off-grid solutions and has four priorities.

These priorities are centre on the connection of new customers to the grid in already electrified settlements, new connections to the grid, electrification through off-grid investments and the development of distributed technologies, particularly off-grid solar and other renewable technologies.

Rural electrification expansion programme boosting opportunities

Bella Bird, World Bank country director for Tanzania commented: “Access to electricity is critical to extend economic opportunities and reduce poverty.

This programme not only offers the opportunity for many more Tanzanians to have access to power in their homes and businesses, but also enables small power producers to access finance to invest in production, including with renewable energy sources.”

Tanzania’s national energy policy targets to increase overall electricity connectivity to 50 per cent by 2025.

It is reported that Tanzania’s government is currently implementing a national energy policy, which aims to increase the country’s overall electricity connectivity to 50 per cent by 2025 and to at least 75 per cent by 2033.

The banking group explained that under the national electrification programme, bank financing will also benefit 25,000 education facilities, 25,000 health facilities, and 150,000 businesses.

Small power projects are also said to benefit from access to capital enabling them to contribute 33MW in renewable energy under the programme.

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Tanzania’s rural electrification expansion programme gets $200m World Bank backing Reviewed by on . By Dan Mganda Tanzania’s rural electrification expansion programme is set to receive $200 million approved by the World Bank, through the International Developm By Dan Mganda Tanzania’s rural electrification expansion programme is set to receive $200 million approved by the World Bank, through the International Developm Rating: 0

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