POWER SECTOR REVITALIZATION PROJECT Sample Clauses

POWER SECTOR REVITALIZATION PROJECT. To advance the Program Objective, the Parties have designed a project to achieve a better- performing power sector with improved availability, reliability and quality of the power supply, increased efficiency of hydropower generation, and strengthened sector capacity and governance (the “Power Sector Revitalization Project”). Set forth below is a description of the Power Sector Revitalization Project that the Government will implement, or cause to be implemented, with support from MCC Funding. 1 “Extremely poor” is defined as living on the equivalent amount in 2010 of less than US$1.25 per day 2005 PPP adjusted dollars, and “poor” is defined as living on less than US$2.00 per day 2005 PPP adjusted dollars. The Power Sector Revitalization Project consists of the following activities (each an “Activity”):  Investing in infrastructure development, including investment by the Government in new generation, and MCC Funding for generation and increased transmission and distribution capacity (“Infrastructure Development Activity”); and  Rebuilding ESCOM into a financially strong, well-managed utility and developing a regulatory environment that supports public and private investment in new generation capacity and expanded access (“Power Sector Reform Activity”).
Sample 1
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Related to POWER SECTOR REVITALIZATION PROJECT

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