21.3 C
Sierra Leone
Thursday, July 4, 2024

V.P Juldeh explains implementation plans for MCC’s $480M

HomeAYV NewsV.P Juldeh explains implementation plans for MCC’s $480M

V.P Juldeh explains implementation plans for MCC’s $480M

Date:

Related stories

Sierra Leone Parliament engages NASSIT, SLRA

AYV News, July 4, 2024 The Parliamentary Oversight Committee on...

FAO, Sierra Leone, USAID empower frontline Veterinary paraprofessionals

AYV News, July 4, 2024 The Food and Agriculture Organization...

Chief Minister acknowledges effort of DSTI, Health Ministry

AYV News, July 4, 2024 Sierra Leone’s Director of the...

“Bumbuna Phase 2 Project is a sham…” – Dr. Yumkella exposes project runners

AYV News, July 4, 2024 Chairman of the Presidential Initiative...

Sierra Leone’s Vice President, Dr. Mohamed Juldeh Jalloh, has said the government will spend about US$226 million on the transmission backbone project, US$128 million on distribution and access, US$50 million on the reform of the power sector, US$72 million on program administration and control, and US$7 million on monitoring and evaluation with the Millennium Challenge Corporation (MCC) Compact Program to address the energy challenges in the country.

He said he has been appointed to serve as Chairman of the Board which will be supervising the implementation of the US$480 million grant from the United States government which is expected to be signed after a Congressional approval.

The Board of Directors of Washington-based Millennium Challenge Corporation (MCC) approved a $480 million grant investment in Sierra Leone’s energy sector.

In Sierra Leone, the MCC said 70 per cent of the population has no access to electricity. The organization noted that it agreed to provide money to Sierra Leone because the US is satisfied with the way elections are held in the country, the state of “democratic and electoral institutions” and “gender equality

Latest stories

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once