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India gives loan for development of Zambia's Itezhi - Tezhi hydro project

The Zambian government and the Export and Import Bank of India have signed a US$50 million loan to help develop the Itezhi-Tezhi hydroelectric project in Zambia.

The 120-MW project is being developed as a joint venture of Zambian utility Zesco Limited and Tata Africa Holdings, according to press reports from the region.

The project has a total estimated cost of US$240 million.

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