AfDB approves US$104 million funding to improve power supply in Ethiopia - News Summed Up

AfDB approves US$104 million funding to improve power supply in Ethiopia


The African Development Bank (AfDB) on Wednesday announced it had approved 104 million U.S. dollars in funding to improve power supply in Ethiopia. The AfDB said in a press statement that the money would go to financing a transmission project to improve power supply in eastern Ethiopia. The transmission project would improve access to clean and reliable electricity supply by increasing the capacity of the power grid in eastern Ethiopia, the bank said. The project will involve the construction of 157 km of 400-kilovolt double-circuit transmission lines and associated sub-stations in Harar, Jijiga and Fafem cities in eastern Ethiopia. The Ethiopian government previously announced its plan to increase the country’s export revenue from electric power to 400 million U.S. dollars within the coming ten years.


Source: Ethiopian News September 15, 2023 14:02 UTC



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