Eskom and Agence Française de Développement (AFD) have signed a loan agreement worth $102 million to help finance projects aimed at strengthening Eskom’s power transmission grid along the west coast of South Africa.
Sweden’s second largest electricity distribution company, Ellevio AB, is investing a total of $780 million in the expansion of its network in the period from 2017–2019, according the statement by the Nordic Investment Bank (NIB).
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.
Brazil, Santa Catarina: The Inter-American Development Bank (IDB) will provide a loan of $276.05 million to Centrais Eletricas de Santa Catarina–Distribuicao S.A. (CELESC-D), the electric power distribution utility serving Brazil’s state of Santa Catarina.
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.
The Egyptian Electricity Transmission Company (EETC) has secured a €98.5M ($116M) loan from BNP Paribas for the establishment and installation of two 220 kV transformer stations in Samannoud and Abu al-Matamir.
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, 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.
The Asian Development Bank (ADB) has approved an $80 million loan to Electric Networks of Armenia CJSC (ENA) to help improve electricity distribution and increase energy independence and efficiency in Armenia, reports EBR.
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.