The African Development Bank (AfDB) has approved the provision of USD 348 million loans for the financing of the Ethio-Kenya power line project, the second phase of the 1.26 billion project dollar project to boost cross-border power supply in the region. The World Bank has previously approved USD 684 million the first phase of the funding.

Ethiopia is developing its hydropower resources to sell electricity to neighbouring countries. Kenya is also highly investing to develop its power supply infrastructure to meet demands of its boosting economy.
Ethiopia will supply power to Kenya  from current and forthcoming power stations. AfDB will allocate USD 232 million the fund to Ethiopia and the remaining to Kenya.

The 1,068 km high-voltage Ethio-Kenya power line project is jointly financed by the World Bank, the French Development Agency and the Ethiopian and Kenyan government.

Source: Reuters