TANZANIA: $276 million from the AfDB and AFD for the Kakono hydropower plant (88 MW)
In Tanzania, the Kakono hydropower project is on track. The French Development Agency (AFD) and the African Development Bank (AfDB) have confirmed their financing of US$ 120.7 million and US$ 116 million respectively. The loans, which will be repaid by the Tanzanian government over 17 years, will be used to build a run-of-river power plant with a capacity of 87.8 MW. The Kakono hydropower scheme also benefits from a US$ 39.5 million grant.... Read more »
Posted on : Friday , 21st April 2023