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Alba Iulia
Tuesday, March 31, 2020

Rural Electrification Authority gets $26.5 million credit facility from World bank

Economy Rural Electrification Authority gets $26.5 million credit facility from World bank

World Bank, Washington DC
World Bank, Washington DC

The World Bank has approved a credit facility of 26.5 million U.S Dollars to the Rural Electrification Authority -REA- to accelerate electricity access for rural areas in Zambia.

REA Chief Executive Officer, Geoffrey Musonda has told journalists during a media briefing in Lusaka yesterday that direct beneficiaries will be those in areas where the grid is readily available as they will be connected to it at a subsidised rate of 2 hundred and 50 Kwacha.

Mr. Musonda says the ‘Electricity Services Access Project’ is targeting about 22 thousand low income households and about 1 thousand medium and small-scale enterprises in Rural areas.

He explained that one of the components of the project is to provide subsidies and finance network reinforcements for on-grid electrification.

Mr. Musonda noted that despite the Authority creating electricity infrastructure in rural areas, the level of uptake has remained low due to high connection fees.

He further said the Project will be implemented between 2017 and 2022 and that those in more dispersed areas will benefit from independent solar systems or separate mini-grids.

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5 COMMENTS

  1. How will this project blend in with Zescoro? Please educate poor me understand how this will work amid the looting going on in government

  2. This program is flawed and just a tool for corruption and voter bribery….how can you have a project never ends. You have WB issuing loans of $26m..yet this reckless govts of morons is glad to waste taxpayers money on hideously overpriced Fire Trucks and Ambulances.

  3. BBC is FAKE NEWS. And this coward, Mnagwagwa, should stop causing confusion in Zimbabwe. He’s the one who was caught plotting a coup now he wants to claim victimisation. You will be arrested for treason you fool. Just stay where you are and don’t come back to Zimbabwe.

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