Ethiopia Secures U.S.$ 98 Million AfDB Funding for Power Systems Upgrade

27 November 2017

Executive Directors of the African Development Bank Group have approved a loan and a grant amounting to US$ 97.79m for the rehabilitation of power systems in Ethiopia.

The US$83.64m loan and US$14.15m grant from the African Development Fund (ADF), the concessional window of the AfDB Group will be used to finance the rehabilitation and upgrading of power transmission and distribution Systems in the capital, Addis Ababa.

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