 |
Djibouti, the Forgotten Scopes of Economy!World Bank Approves a Power Access and Diversification Project in Djibouti
The World Bank has approved a US$ 7 million Power Access and Diversification Project to improve electricity distribution in the country. In a press release on November 2, 2005 the World Bank said “This project aims to increase the access of underserved populations to electricity services, through priority investments; increase reliability of electricity services, through the development of alternative sources of production and targeted technical assistance; and improve efficiency of the electricity utility, through technical assistance”. Djibouti is characterized by having neither fossil resources nor hydroelectric potential. According to the World Bank, this tiny Horn of Africa country depends on imported oil products which mostly imported from Saudi Arabia and Dubai. Plus the high cost of energy, the World Bank said “Both factors make access to modern energy particularly challenging, especially in rural areas and for the poor. "A large majority (99.5 percent) of the urban population that has access to electricity uses it as their primary source for lighting. Though expensive, kerosene is commonly used for the other domestic needs," the report says. The World Bank declares that “the power sector in Djibouti faces numerous and complex challenges many that are of structural and macro-economic nature, including the high wage bill, overstaffing and the high taxation on imported petroleum products”. “Poverty studies have shown a strong correlation between electricity access and poverty in the country. Forty three percent of urban households do not have access to electricity, and 70% of these households are among the poor,” reported Anna Bjerde, Task Team Leader. “We hope that this project will serve as a catalyst for additional financing and development support” she said. The country shows good potential for renewable energy development, especially in geothermal, solar and wind. While exploratory feasibility projects have been undertaken to various degrees of advancement, no operational use of these renewable sources has been made possible to this day and no viable short-term application has yet been assessed or presented. This project supports the Governments efforts to reduce the cost of electricity in Djibouti and contribute to the country’s overall economic growth as the World Bank says. “It supplements other Bank support in the power sector, where through the GEF, the Bank is currently assisting the Government in identifying the potential for larger scale development of its renewable energy sources and the potential for improved energy efficiency”. More Links Country Profile and Outlook The Political Scene Eritrea – Eritrea Politics, Business and Love Eritrean Love - Red Sea Paradise Eritrean Martyrs - the Ethio-Eritrean wars Ethiopia - Ethiopia Politics, Business and Love Somalia - Somalia Politics, Business and Love Sudanese Politics - Sudan Politics, Business and Love Stay tuned for a book about the political changes in the area. In the time being visit the Wakening of the Phoenix page. Use the form below to subscribe to our newsletter and receive those invaluable gifts on the "Thank You" page. Make any career in one of our politics, business and love themes online, (i.e. build any website about anything in Djibouti you know about)! Well, to make a career in such business on the Internet you need an Internet small business consultant. Hire me here.
Djibouti page is powered by those website building and optimizing tools below. You can get them too to build any web business locally.
Copyright©2005 www.ezine-act-politics-business-and-love.com ALL RIGHTS RESERVED
|
