(Oct 02. 2012, Nairobi)--The African Development Fund will finance a multibillion
electricity highway project between Kenya and Ethiopia to the tune of
$348 million. The line will see Kenya achieve its plan of connecting an additional
870,000 households to the national grid by 2018. The government has laid
down a plan to ensure that a total of 1,400,000 additional households
are wired by 2022.
The board of the continental bank gave a green light to the deal,
signaling the beginning of one of Africa's most ambitious electricity
projects connecting two countries. The African Development Bank has been increasingly involved in
multibillion infrastructure projects in Kenya among them the now
complete Thika Super-highway which is a multilane highway and the first
of its kind in East Africa.
The project will see the construction of a 1,068 kilometres high-voltage DC 500 kV transmission line connecting Kenya and Ethiopia. It is slated for commissioning in mid-November next year. Once complete, the project will have a power transfer capacity of up to 2,000 MW with mini-stations at Wolyatta in Ethiopia and Suswa in Kenya.
Other financing partners in the project include the World Bank, the French Development Agency (AFD) and the governments of Kenya and Ethiopia. "The financing of this project further underscores our position as the biggest infrastructure funding partner for Eastern Africa. We are committed to partnering with African governments and other development agencies to make the infrastructure dream true," said Gabriel Negatu, African Development Bank's Regional Director for East Africa. Read more from All Africa »
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Photo: East African
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The project will see the construction of a 1,068 kilometres high-voltage DC 500 kV transmission line connecting Kenya and Ethiopia. It is slated for commissioning in mid-November next year. Once complete, the project will have a power transfer capacity of up to 2,000 MW with mini-stations at Wolyatta in Ethiopia and Suswa in Kenya.
Other financing partners in the project include the World Bank, the French Development Agency (AFD) and the governments of Kenya and Ethiopia. "The financing of this project further underscores our position as the biggest infrastructure funding partner for Eastern Africa. We are committed to partnering with African governments and other development agencies to make the infrastructure dream true," said Gabriel Negatu, African Development Bank's Regional Director for East Africa. Read more from All Africa »
Related topics:
World Bank gives $684m for Kenya-Ethiopia project
Ethiopia: Power network links to Sudan, Djibouti ...
Ethiopian News: Kenya to import Ethiopian energy
Ethiopia Begins Electricity Exports to Neighboring ...
New Development: Best of the Year
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