The World Bank (WB) has expressed interest in helping to solve the "serious problems" of São Tomé and Príncipe's Empresa de Água e Electricidade (Emae), making it economically viable to attract the private sector to invest in renewable energy.
The institution's regional director for São Tomé and Príncipe, Angola, Burundi, and the Democratic Republic of Congo, Albert Zeufack, made it known that Emae has a debt that represents 40% of São Tomé's Gross Domestic Product (Subscribe to our Premium Membership Plan. Already Subscribed? Login Here