World Bank invests US $20mn in Yemen wind farm
Mocha project is country's first utility-scale wind plant.
The World Bank has approved a credit of US $20 million to help Yemen build a 60MW wind farm on its Red Sea coast.
Other contributions include a credit of US $65 million from the Arab Fund for Social and Economic Development; $20 million from the OPEC Fund for International Development; and a grant of US $20 million from the Saudi Fund for Development.
“We are pleased to support Yemen’s first wind power project together with other donors, which will increase the cost-effective electricity supply essential for poverty reduction, job creation, and economic development,” said Wael Zakout, the World Bank’s country manager for Yemen. “Increased power supply is critical to Yemen, a country undergoing political and economic transformation towards more equitable growth.”
The project, located at Mocha, is the country’s first involving wind power.