IFC to boost funding for off-grid solar power in Myanmar

The International Finance Corporation (IFC) is considering investing a further US$87 million in Yoma Micro Power to help Myanmar supply electricity to remote off-grid communities and reduce its carbon emissions.

Part of the World Bank Group, the IFC said it had proposed arranging a loan package of $80 million to the energy firm, which builds micro power plants and mini-grids in Myanmar.