The African Development Bank is to approve 100 million US dollars to finance the construction of a new hydro power in 
Ethiopia, this September according to Lamin G. Barrow, Ethiopia Country Office Resident Representative of the African Bank.
The hydro electric power project will consist of two power plants with a total potential capacity of producing 371 MW (1680 GWH) annually.
It is expected that the project will cost more than 400 million US dollars with the African Bank financing a quarter of the projected cost and the remainder being co-financed from other financial institutions.
It is to be remembered that the African Development Bank is to approve a 231 million US dollar loan for the Ethiopia-Kenya power interconnection project said officials from the bank.The board of directors of the African Bank will be expected to appraise the project in the first quarter of the current financial before giving final approval according to Halima Hashi Ethiopian Country Program Officer for the AfDB.
The Ethio-Kenya power interconnection system is planned to provide a reliable power supply to Kenya from Ethiopian hydro electric power supplies.
The AFDB also gave a 234.5 million us dollar loan for the construction of roads in Ethiopia, linking the country to South Sudan and Kenya. The Bank made the loan to encourage trade relationships between Ethiopia and its neighbors.
The two roads to be financed by the African Bank are the Bedele-Metu road and the upgrade and construction on the Hawassa-Ageremariam road.
Source: The Reporter
