Ethiopia, AfDB Sign Close to 3 Billion Birr Agreements for Power Supply in Addis Ababa (Dec 21, 2017)

Ethiopia and African Development Bank (AfDB) have signed about 2.77 billion birr agreements which will be used for Addis Ababa Power Supply Improvement Project today. Of this, some 2.35 billion birr and about 415.66 million birr is in the form of loan and grant, respectively, and will be used to address existing constraints in electric infrastructure and meet the growing demand in the city and its surroundings. During the signing ceremony, Finance and Economic Cooperation State Minister, Dr. Admasu Nebebe said the project will help to create sufficient and reliable electric power transmission and distribution capacity. more

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *