Italy lends 30 million euros for rural electrification

01 May 2019
Italy lends 30 million euros for rural electrification
Myanmar has a major electricity shortfall - Electric power pylon at Biluchaung Hydropower Station in Kayah State, Myanmar. Photo: Mizzima

The National Electrification Project (NEP-IT) issued a press statement on April 30 which says the project borrowed 30 million euros from Italy in a soft loan agreement for electrification in rural areas.

This loan will be used for an electrification project in Chin State and surrounding areas in western Myanmar.

Italian ambassador to Myanmar, Mr. Alessandar Schiavo said, “We decided to join the most challenging work of electrification in rural area which is crucial work for complementing sustainable development in these areas and to eliminate poverty in these areas in dedication of Italy-Myanmar friendship.”

Current electricity consumption in Myanmar is at the lowest level in the world with only two thirds of the population connected to national power grid and 84% of rural areas still without access to electricity.