World Bank approves US$500m to accelerate electrification process in Ethiopia

ETHIOPIA – The World Bank’s Board of Directors has approved a US$500 million loan to Ethiopia to help the horn of Africa nation accelerate electrification process as demand for electricity increases. The funds have been allocated by the International Development Association (IDA), a member of the World Bank Group. The Ethiopian government is focusing on extending and strengthening the national electricity grid in the country’s major cities. The Access to Distributed Electricity and Lighting in Ethiopia (ADELE) project ADELE is a component of Ethiopia’s National Electrification Programme (NEP), which aims…

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AfDB lends Angola US$530m for hydropower transmission

ANGOLA – The African Development Bank (AfDB) has approved a US$530 million loan to Angola which will be used to build a transmission line to link the north and south of Angola, as well as to connect households to the national electricity grid. Of the funding allocated by the African Development Bank, US$480 million represents a loan from the pan-African financial institution while the other US$50 million of the funding comes from the Africa Growing Together Fund (AGTF), a US$2 billion fund established in 2014 by the AfDB and the…

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AfDB approves US$42.9m loan to finance second phase of power transmission project in Madagascar

MADAGASCAR – The African Development Bank (AfDB) has approved a US$42.9 million loan to finance the second phase of a major power transmission and interconnection project in Madagascar. The Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II) includes the construction of a 135-km, 220 kV interconnection line between the capital Antananarivo and the central industrial city of Antsirabé. The project will help to feed the power generated by the Sahofika Hydropower Plant into the national grid, supplying some 8 million people with affordable, clean energy. The financing comprises…

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Electricity distributor Umeme Limited to spend US$83m on electricity distribution project

UGANDA – Umeme Limited, Uganda’s sole electricity distributor, plans to spend USh310 billion (US$83.27 million) on electric power distribution project this year to boost grid capacity and quality. The investments will help the firm distribute more power from a new hydropower plant being built by Chinese firm Sinohydro on the Nile river, which is scheduled to be completed in the first quarter of 2021. This was revealed by Selestino Babungi, the company’s Chief Executive Officer (CEO). Mr. Babungi said that company has already secured approval for the project from the…

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