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World Bank Approves $60 Million for Electrification Projects in Rural Peru


The World Bank has approved $60 million in loans and grants for electrification projects in rural Peru.

The bank said in a statement Tuesday that the project is designed to provide electricity to rural households and businesses lacking access to modern energy services.

The bank says more than six million people in predominantly poor areas in Peru do not have access to electrical power, making this one of the lowest rural electrification rates in Latin America.

Officials also say that investing in basic infrastructure is key to improving the quality of life and productivity of all Peruvians and reducing poverty in rural areas.