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World Bank lifts nuclear funding ban for developing nations

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The World Bank has ended its 2013 ban on financing nuclear energy projects in developing countries. The decision, reported by Reuters, reflects a shift in response to rising electricity demand and a push for energy diversification. Under the new strategy, the Bank will support countries in developing nuclear power, including life-extension of existing reactors and small modular reactor (SMR) deployment. The World Bank Group will work with the International Atomic Energy Agency (IAEA) on safeguards,…

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World Bank approves grant for Malawi’s 358.5 MW hydropower project

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The World Bank has approved a USD350 million grant for the Mpatamanga Hydropower Storage Project (MHSP) in Malawi. The funding was cleared by the International Development Association (IDA), a part of the World Bank Group. The 358.5 MW project was co-developed by the Government of Malawi and the International Finance Corporation under a public-private partnership model. The total expected cost exceeds USD1.5 billion, including financing during construction. Once operational, the project is expected to generate…

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R S Infraprojects wins Rs 1.14 bn contract for Jharkhand transmission lines

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R S Infraprojects Private Limited has secured a contract worth Rs 1,144.64 million under the Jharkhand Power System Improvement Project. The contract covers the construction of two 220 kV double-circuit (DC) transmission lines. The first line will run 47.7 km from Chaibasa (PGCIL) to Jadugoda (New), while the second will span 51.3 km from Chandil (New) to Jadugoda (New). The total project length is 99 km. Jharkhand Urja Sancharan Nigam Limited (JUSNL) had invited bids…

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World Bank approves loan for Bosnia and Herzegovina’s energy transition

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On May 1, 2025, the World Bank’s Board of Executive Directors approved a €79.90 million loan and €2.89 million grant to support Bosnia and Herzegovina’s National Energy and Climate Plan. This funding aims to enhance energy security, promote economic transition, and create job opportunities in regions shifting away from coal. The Just Transition in Select Coal Regions of Bosnia and Herzegovina Project will focus on repurposing post-mining lands in Banovići, Zenica, and Kreka, facilitating the…

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Lebanon signs loan with World Bank for electricity sector reforms

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Lebanon has secured a USD250 million loan agreement with the World Bank to address long-standing issues and modernise the country’s energy infrastructure. The loan will help establish a national control centre, improve accounting and billing systems at the state-run Electricity of Lebanon, and develop scalable solar energy farms. The first phase of solar projects is expected to generate 150 MW, saving Lebanon around USD40 million annually in fuel costs. This agreement marks the first loan…

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World Bank approves USD 250 million for renewable energy in Lebanon

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The World Bank’s Board of Executive Directors has approved a USD 250 million project to expand renewable energy sources (RES) in Lebanon and support ongoing electricity grid reforms. The initiative will strengthen Lebanon’s state-owned Electricité du Liban (EDL) operational and commercial systems, increase grid-connected RES supply, and reinforce the national power network.  Key components include developing a grid-connected solar photovoltaic (PV) plant, rehabilitating the Litani River Authority (LRA) hydropower plant, and upgrading the EDL transmission…