World Bank to provide aid to Pakistan and Madagascar for developingrenewable projects

The World Bank has announced a $500 million fund to develop two solar power plants along the Khyber Pass in Sindh, Pakistan. The Sindh Solar Energy Project will support independent power producers in building 400 MW of new solar power capacity. The project is expected to cost $100 million and the World Bank will also provide grants to private sector companies for the installation of solar home systems in around 200,000 households. In a separate development, the World Bank has approved a $40 million credit to Madagascar under the International Development Association (IDA) programme for boosting governance and operations in its power sector. The fund will help the implementation of the performance improvement plan of JIRAMA (Jiro sy rano malagasy), a state-owned electric utility, under the Madagascar Electricity Sector Operations and Governance Improvement Project.

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