Signing of a financing contract of €30 million to improve the electricity services in Myanmar, with a view to greater accessibility and sustainability.
Rome, 12 June 2019 With its new initiative in Myanmar, CDP has confirmed its commitment to International Cooperation, a key area in its 2019-2021 Industrial Plan.
In fact, a new financing contract for €30 million was signed with the Ministry of Planning and Finance of the Republic of the Union of Myanmar, aimed at improving the accessibility of electrical services for rural populations and increasing the skills of the institutions involved in the electrification process.
The initiative is part of the National Electrification Project (NEP), which aims to implement a national electricity expansion programme to provide access to electricity by 2030 to about two-thirds of Myanmar’s population.
By supporting the implementation of the project, CDP intends to contribute to the achievement of SDG 7, aimed at ensuring access for all to cheap, reliable, sustainable and modern energy systems.
The initiative in Myanmar is also an important element in providing increasingly modern and sustainable energy services. CDP, as the Financial Institution for Development Cooperation (IFCS), has strengthened its commitment to sustainable growth at global level by promoting projects aimed at improving the quality of life in developing countries and by working to reduce economic and social inequalities among the peoples of the world.