Tag: loan

Nigeria secures total of $576M for transmission grid expansion

The Transmission Company of Nigeria (TCN) has managed to secure a funding of $406 million from the World Bank for the transmission expansion projects across the country, as well as further $170 million from the African Development Bank (AFDB) for five new transmission projects in the capital.

Ethiopia granted $101.5M funding for power systems upgrade

Executive Directors of the African Development Bank Group have approved a loan and a grant amounting to $101.46 million for the rehabilitation and upgrading of power transmission and distribution systems in Ethiopia’s capital, Addis Ababa.

Ethiopian Electric Utility secures $500M Chinese loan

The Ethiopian Electric Utility (EEU) has secured a loan worth $500M from the Chinese government for the rehabilitation of electric power distribution lines in 54 towns and construction of distribution centres at 17 industrial parks.

Nepal to receive $150M loan for T&D upgrades

Nepal, Kathmandu: The Government of Nepal has signed an agreement with the Asian Development Bank for a $150 million loan to implement electricity transmission and distribution efficiency enhancement projects.

South Sudan to receive 195 transformer stations

South Sudan, Juba: The African Development Bank (AfDB) has authorised a supplementary loan of $14.57 million to rehabilitate and expand the electricity distribution network in Juba, the capital of South Sudan.