World Bank to finance Syria with $146 million to restore electricity
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World Bank to finance Syria with $146 million to restore electricity
The World Bank approved a $146 million grant to help Syria restore reliable, affordable electricity. Syria’s electricity sector has been suffering from severe damage to its grid and power stations.
DUBAI, June 25 (Reuters) – The World Bank approved a $146 million grant to help Syria restore reliable, affordable electricity and support the country’s economic recovery, it said in a statement on Wednesday.
After 14 years of war, Syria’s electricity sector has been suffering from severe damage to its grid and power stations, aging infrastructure, and persistent fuel shortages.
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Reporting by Jana Choukeir; Writing by Nayera Abdallah; Editing by Alison Williams
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World Bank’s $146 Million Aid Boosts Syria’s Power
The World Bank announced a $146 million grant to assist Syria in restoring reliable and affordable electricity. Syria’s electricity sector is in disrepair, with significant damage to the grid and power stations stemming from 14 years of conflict.
Syria’s electricity sector is in disrepair, with significant damage to the grid and power stations stemming from 14 years of conflict. The aging infrastructure has been compounded by persistent fuel shortages.
This financial aid aims to revitalize the power sector, addressing the dire need for stable electricity supply, which is critical for Syria’s ongoing recovery efforts.
(With inputs from agencies.)