East Africa: Ethiopia-Kenya Power Line to Be Funded By World Bank, AfDB

from allafrica.com..

Source: Government of Ethiopia

May 7, 2013

The World Bank and African Development Bank are set to provide 80 percent of the finances needed for the construction of the Ethio-Kenya power transmission line.

The 1,070km line, estimated to cost $1.26 billion, will be jointly funded by the World Bank, which will lend the two countries $684 million, and the African Development Bank ($338 million).

The line, which will have the capacity to transmit 2,000MW, will run from Wolayta-Sodo in Ethiopia to Suswa, 100 kilometers northwest of the Kenyan capital, Nairobi.

According to the African Development Bank Regional Director, Gabriel Negatu, “the interconnection with Ethiopia will ensure access to reliable and affordable energy to around 870,000 households by 2018”.

Other significant contributions to the project include Agence Francaise de Developpement, which will provide $118 million, while stakeholders Kenya will contribute $88m and Ethiopia $32 million. Construction on the project is set to begin in September.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s