Tuesday, July 19, 2016

AfDB grants $104m loan to boost Ethiopia’s power industry

(July 19, 2016, (Energy Business Review))--The African Development Bank (AfDB) has granted $104m loan to the Ethiopia government to help boost its power industry. By 2020, Ethiopia intends to increase its electrification rate to 90% to meet growing power demand in the country.

As part of this effort, the country is focusing on grid-based rural electrification, additional off-grid supply options, and the development of transmission and distribution systems. The new funding will support the development of the Mekele-Dallol and Semera-Afdera Power Transmission Supply for Industrial Development and Access Scale-up Project (MDSAPIAP).

The $122m project intends to provide increased access to affordable and sustainable electricity supply while enhancing service delivery in Ethiopia’s Tigray and Afar states. In addition to ensuring power supply to remotely located load centers, the project will address power shortages in order to meet the demand. Read more from Energy Business Review »

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