African Bank to Approve $100 Million for Hydro Power Plant in Ethiopia
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.
Add a comment Add a comment