Ethiopia - Eastern Ethiopia Electricity Grid Reinforcement Project — Ethiopia

Overview

The Project is consistent with the Bank’s Energy Sector Policy 2012 which seeks to promote energy security and increase access to affordable and reliable energy services for household, industrial and commercial use. In addition, the Project is aligned with the Bank’s Climate Change and Green Growth Action Plan (2021-2025) which seeks to promote low carbon development and mitigate as well as boost resilience and adaptation to climate change; the Bank’s Jobs for Youth in Africa Strategy (2016-2025) as it will boost industrial activities, key for youth employment and the Bank’s Gender Strategy (2021-2025) under its pillar 3 which calls for Increasing women’s access to social services through infrastructure. This project primarily contributes to climate mitigation results. As such, 100% of the total approved amount is attributed as climate finance, of which 100% is dedicated to mitigation.