AfDB grants US$46.27m loan to Gabon for hydroelectric power project

GABON – The Board of Directors of the African Development Bank has granted €39 million (US$46.27m) loan for the implementation of the first independent producer of hydroelectric power project in Gabon. This is a loan of €20 million (US$23.73m) from the African Development Bank, €10 million (US$11.86m) from the Africa Growing Together Fund (AGTF) and concessional financing of €9 million (US$10.68m) from the Fund for Sustainable Energy in Africa (SEFA), a special multi-donor fund managed by the African Development Bank. Other donors, including the International Finance Corporation (IFC, the private…

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