April 18

African Development Bank, European Union, and France Invest $300 Million in Tanzania’s Hydropower Project

The government of Tanzania, the African Development Bank, and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of Tanzania. The project also received a grant of EURO 36 million from the European Union.

Photo courtesy of PublicDomainPictures.

Source: African Development Bank Group (link opens in a new window)

Energy, WASH
energy access, lending, renewable energy, water