SANA'A, Dec. 20 (Saba) - Yemen and Kingdom of Saudi Arabia signed here on Monday an agreement of importing wooden poles for electricity and a part of air electric grid equipment of the fifth energy project-first phase with a governmental funding worth $ 46 million.
After signing the agreement, Minister of Electricity and Energy Awadh al-Suqatry affirmed the importance of the project in creating a comprehensive development in rural areas aiming at to reduce the electricity shortfall.
The minister said that the project's first phase worth $ 120 million has been endorsed by the High Tender Board, adding that the implementation of the first phase covering seven governorates will start next year.
For his part, Executive Director of General Authority for Rural Electricity Ahmed al-Sabri expected that the other group of agreements will be signed next week, hoping that such projects will assist in increasing the electricity coverage with about 60 – 70 percent in the rural areas.
For his part, the General Director of the fifth energy project Hesham al-Abaasi said the project- with both phases - costs totally $272 million, of which $120 million for the first phase and $152 million for the second phase.
He added that the Saudi Fund for Development (SFD) will contribute $ 100 million to the two phases as a commodity loan.
It is worth to mention that about 84 districts will benefit from the fifth energy project in seven governorates: Mahrah, Shabwa, Sa'ada, Jawf, Dhamar, Raymah and Taiz.
HA/AF
www.yemen-press.com
No comments:
Post a Comment