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Recently, the World Bank will provide a $50 million grant for off-grid solar systems in Yemen to improve electricity and vital basic services
in rural and remote urban areas.
It is understood that part of the funds will be used for the commercial solar market, which is growing
even in the wake of the military conflict in Yemen.
According to the World Bank release, this power should help provide further support to the local economy and create jobs
.
Yemen Emergency Electric Transportation Project is funded by the International Development Association (IDA), whose parent company is the World Bank
.
Solar projects have proven to be the most immediate solution to Yemen's severe energy shortages, but costs have pushed the technology beyond public facilities and the most vulnerable, so the private sector has been the main driver
, the World Bank said.
The project will work with the current solar supply chain and existing networks of microfinance institutions to finance off-grid solar systems and deliver them to rural and peri-urban areas
.
The goal is to restore or improve access to electricity
for 1.
4 million people.
The project will also finance solar energy for critical infrastructure such as hospitals, schools, water utilities and rural electricity providers
.
The World Bank Group's Country Director for Yemen, Egypt and Djibouti said, "The lack of electricity in Yemen has had a devastating impact
on Yemenis and the provision of services.
While addressing immediate needs, the project will help build a more inclusive and sustainable solar market in Yemen through targeted financing to the private sector, thereby amplifying its impact
on the poor and vulnerable.
”
The project will be implemented
in cooperation with the United Nations Office for Project Services (UNOPS) and with the local private sector, including microfinance institutions, solar equipment suppliers and technicians.
In addition, working with the Yemeni private sector will help create hundreds of jobs
.
"Investing in solar energy will make Yemen's electricity more resilient, reduce dependence on fuel for vital services, and create jobs
in the private sector," said the World Bank's energy expert and project task force leader.
Now more than ever, we need rapid and innovative energy solutions to help mitigate the crisis
.
”
(This article first published cable network: /, please indicate the source for reprinting)
Recently, the World Bank will provide a $50 million grant for off-grid solar systems in Yemen to improve electricity and vital basic services
in rural and remote urban areas.
It is understood that part of the funds will be used for the commercial solar market, which is growing
even in the wake of the military conflict in Yemen.
According to the World Bank release, this power should help provide further support to the local economy and create jobs
.
Yemen Emergency Electric Transportation Project is funded by the International Development Association (IDA), whose parent company is the World Bank
.
Solar projects have proven to be the most immediate solution to Yemen's severe energy shortages, but costs have pushed the technology beyond public facilities and the most vulnerable, so the private sector has been the main driver
, the World Bank said.
The project will work with the current solar supply chain and existing networks of microfinance institutions to finance off-grid solar systems and deliver them to rural and peri-urban areas
.
The goal is to restore or improve access to electricity
for 1.
4 million people.
The project will also finance solar energy for critical infrastructure such as hospitals, schools, water utilities and rural electricity providers
.
The World Bank Group's Country Director for Yemen, Egypt and Djibouti said, "The lack of electricity in Yemen has had a devastating impact
on Yemenis and the provision of services.
While addressing immediate needs, the project will help build a more inclusive and sustainable solar market in Yemen through targeted financing to the private sector, thereby amplifying its impact
on the poor and vulnerable.
”
The project will be implemented
in cooperation with the United Nations Office for Project Services (UNOPS) and with the local private sector, including microfinance institutions, solar equipment suppliers and technicians.
In addition, working with the Yemeni private sector will help create hundreds of jobs
.
"Investing in solar energy will make Yemen's electricity more resilient, reduce dependence on fuel for vital services, and create jobs
in the private sector," said the World Bank's energy expert and project task force leader.
Now more than ever, we need rapid and innovative energy solutions to help mitigate the crisis
.
”
(This article first published cable network: /, please indicate the source for reprinting)
/
