Parliament approves loans for Rural Electrification



Parliament has approved two separate credit facility between the government and two financial entities for $98 million to finance electrification projects in 556 communities in the Eastern,Volta and Northern Regions. 

The first agreement was between the government and the industrial commercial Bank of China (ICBC) for $13 million. 

According to a report of the Finance committee of Parliament on the agreement, despite the successes achieved in rural electrification since the 1990's some regions in the country were far below the national average. 

That state of affairs, according to the report, could be attributed to the inability of some of the communities to provide the low voltage poles to qualify for electrification under the self-help Electrification programme (SHEP).

According to the report, as part of the government's effort to accelerate the pace of the National Electrification scheme(NES) to achieve universal access, the Ministry of Power is undertaking many electrification project in all parts of the country.


SOURCE: Daily Graphic