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Power Construction
SOMALIA: $150 million to Provide Electricity Access to 7 million People
The World Bank approves a $150 million loan to Somalia.
Energy Investment
World Bank Approves Loan for Hydropower Plant in Indonesia
The hydropower plant will help Indonesia to meet electricity demand and support its decarbonisation goals.
Geothermal Power Plant
World Bank Funds Geothermal Exploration in Saint Lucia
The World Bank Board of Executive Directors has approved $21.9 million for the Renewable Energy Sector Development Project for the Caribbean island nation Saint…
Energy Transition
World Bank Approves Project to Advance Energy Transition in Uzbekistan
The Ministry of Energy has announced that a new US$380 million project to enhance the performance of the National Electric Grids of Uzbekistan has been approved…
Offshore Wind Power
Philippines Sets Out Offshore Wind Roadmap
Supported by the World Bank Group, the project aims to identify 'high potential' areas
Offshore Wind Power
World Bank Group Launches Offshore Wind Roadmap for Vietnam
World Bank Group have launched the Offshore Wind Roadmap for Vietnam, which provides strategic analysis of the offshore wind development potential in Vietnam.
Offshore Wind Power
World Bank, Azerbaijan form Offshore Wind Team
MoU will assess the country's potential and develop a sector roadmap
Electrification
ETHIOPIA: Addis Ababa gets Support for Electrification Process
The World Bank's Board of Directors has approved a $500 million loan to Ethiopia.
Power Construction
PNG Power Improvement Project Approved by World Bank
The World Bank has approved a project by Papua New Guinea-based energy company PNG Power to support improvements to the company’s operational and financial per…
Electrification
World Bank to Finance Electrification Investments in Angola
The World Bank has approved $250 million to improve the operational performance of the electricity sector utilities and increase electricity access in selected …
Power Construction
Sierra Leone Secures $50m Grant to Boost Access to Electricity
The World Bank board of executive directors has approved a $50 million grant from the International Development Association to improve access to electricity in …
Hydropower Plant
World Bank Approves Dam Safety Project in India
The World Bank has approved a $250 million project designed to improve the safety and performance of existing dams across various states of India - described as…
Carbon Neutral
S.Korea to Reach Net Zero Emissions by 2050
According to the World Bank, in 2019, Korea ranked as the world's 12th largest economy. As of 2019, it is also the world's seventh largest emitter.
Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
Hydropower Plant
World Bank Helps Finance Khyber Pakhtunkhwa Project, Pakistan
The World Bank has approved $450 million in financing for the Khyber Pakhtunkhwa Hydropower and Renewable Energy Development Project in Pakistan.
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