African bank funds grid link from hydro-rich Ethiopia to Djibouti

The board of the African Development Fund has approved a combined loan and grant of 20.92 million Units of Account (UA) (US$32.57 million) to help complete construction of a transmission interconnection between Ethiopia and Djibouti.

Under the approvals by the African Development Bank unit, Ethiopia is to receive UA5.2 million (US$8.3 million), while Djibouti receives UA15.71 million (US$24.48 million) to finance the project. The bank group approved a combined US$56 million for the 283-kilometer line in 2004. (HNN 4/24/06)

Major components of the project include development of a power transmission network, electrification of border towns, project supervision and management, and institutional support to Djibouti Electricity Co. and Ethiopian Electric Power Corp.

Considered the first of its kind in the Horn of Africa, the project is expected to improve power trade within the region and be a component of the Eastern African Power Pool, which is under development.

Ethiopia officials hope to generate millions of dollars in foreign currency by exporting excess electricity from three hydroelectric projects the nation is building at a cost of US$1.4 billion, 300-MW Tekeze, 420-MW Gilgel Gibe 2, and 435-MW Beles. (HNN 4/18/07)

HydroVision International 2014 Keynote Speakers

Presenting the HydroVision International 2014 Keynote Speakers

Check out a slideshow covering the keynote speakers at the HydroVision International 2014 conference and exhibition

Click Here >>

Hydro Industry Financials

Buyers Guide Products

PTFE-lined Thrust Shoes for VRA Akosombo, Ghana

Designed, manufactured, delivered replacement P...

Most Read Articles

Recent Comments

Buyers Guide Companies

Vesconite

Entec AG Consulting & Engineering

Offers long-standing experience and is highly q...

BG Consulting Engineers Ltd

With subsidiaries in Switzerland, France and Al...

NuPlanet (Pty) Ltd

A small hydro power developer, owner and operat...

NuPlanet

Specializes in comprehensive turnkey maintenanc...

Continuing Education

Professional Development Hours
To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

07/01/2014
Volume 33, Issue 6
file
07/01/2014
Volume 22, Issue 4
file

Archived Articles

2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
Hydro Review Past Issues