IFC issues grant for solar power

10 July 2020
IFC issues grant for solar power
A man drives his bullock cart at Ton village in Monywa, Sagaing Division, Myanmar. Photo: Nyein Chan Naing/EPA

The World Bank, through the International Finance Corporation (IFC), has issued a $3.45 million grant to help the government of Myanmar finance an off-grid solar programme, powerengineeringint.com reported.

The signing of the Results-Based Financing for Off-grid Solar grant agreement will enable more than 450,000 people in rural Myanmar to gain access to clean energy for the first time.

The programme is co-funded by the Global Partnership for Results Based Approaches (GPRBA) and the Energy Sector Management Assistance Programme (ESMAP).