World Bank Group agrees off-grid solar grant to Myanmar
More than 450,000 people in rural Myanmar are expected to gain access to clean energy for the first time following the signing of a grant agreement between the World Bank Group and the the country's government.
The Results-Based Financing for Off-grid Solar grant agreement, worth $3.45 million, is co-funded by the Global Partnership for Results Based Approaches and the Energy Sector Management Assistance Program.
The grant will be implemented by the Department of Rural Development which will provide sub-grants to the private sector to develop supply chains for quality solar products.
The International Finance Corporation supported the creation of the first commercial market for off-grid solar energy services in Myanmar under the Lighting Myanmar program, spurring the sale and financing of nearly 90,000 quality verified solar products. The grant funding will allow for further development of supply chains for quality lighting products in rural Myanmar, from companies to retailers and then onto consumers.
