AfDB ap­proves $1b for en­ergy

The Pak Banker - - Company& -

ETHIOPIA: The African Devel­op­ment Bank (AfDB) has re­cently ap­proved over $1 bil­lion to be in­vested in en­ergy projects in Egypt, DR Congo, Ethiopia, Kenya and Tan­za­nia, it said in a state­ment re­leased early this week.

The state­ment said the fi­nanc­ing is in line with the top pri­or­ity the bank puts on en­ergy for Africa's devel­op­ment. The fund­ing in­cludes a $69.4 mil­lion (about Sh97.2 bil­lion) to fi­nance the IringaShinyanga trans­mis­sion line project. The planned line is a 400 kV line and will have a length of about 670 km.

"It will in­ter­con­nect four sub­sta­tions at Iringa, Dodoma, Singida and Shinyanga towns. The project was ap­proved on Oc­to­ber 26, 2010," AfDB noted in the state­ment.

Egypt will get $550 mil­lion to fi­nance the Suez steam cy­cle ther­mal power plant project and DR Congo $106.6 mil­lion for its ru­ral and peri­ur­ban elec­tri­fi­ca­tion project. In Ethiopia, nearly $232.2 mil­lion will be used to fi­nance the elec­tric­ity trans­mis­sion sys­tem im­prove­ment project whereas in Kenya the $71.45 mil­lion loan will be for a project to im­prove power trans­mis­sion.

AfDB said the pur­pose of the Suez Power Plant Project is to in­crease the power gen­er­a­tion ca­pac­ity in Egypt lead­ing to the en­hance­ment of so­cio-eco­nomic devel­op­ment. It in­volves the con­struc­tion of a 650 megawatt (MW) steam cy­cle power plant at a site lo­cated in the vicin­ity of Suez city, about 150 km east of Cairo.

Power will be evac­u­ated from the plant through a 220 kV net­work by re­ha­bil­i­tat­ing the ex­ist­ing dou­ble cir­cuit over-head trans­mis­sion line and im­ple­ment­ing two ad­di­tional un­der­ground ca­bles.

The power gen­er­ated will be used for in­dus­trial and com­mer­cial ac­tiv­i­ties coun­try­wide thus con­tribut­ing to job cre­ation, in­crease in pro­duc­tiv­ity, elec­tric­ity con­nec­tion rates and im­prove­ment in the qual­ity of life. "Other di­rect project ben­e­fi­cia­ries in­clude the peo­ple liv­ing around the project site who will ben­e­fit from em­ploy­ment dur­ing project im­ple­men­ta­tion and op­er­a­tion," the bank said.

The two grants for DR Congo tar­get an in­vest­ment project con­cern­ing the rehabilitation and ex­ten­sion of the elec­tric power dis­tri­bu­tion sys­tem of Kinshasa and se­lected lo­cal­i­ties in four prov­inces.

It among other things com­prise the im­prove­ment, rehabilitation and ex­ten­sion of the medium and low volt­age lines as well as es­tab­lish­ment of con­nec­tions, in­stal­la­tions of pub­lic light­ing units and pro­mo­tion of spe­cific com­mer­cial op­er­a­tions to in­crease the num­ber of new sub­scribers and reach the max­i­mum num­ber of in­hab­i­tants.

AfDB said all these op­er­a­tions will con­trib­ute to in­creas­ing avail­able en­ergy, im­prov­ing net­work op­er­at­ing con­di­tions and en­hanc­ing the op­er­a­tional per­for­mance of sec­tor play­ers. They will also help re­duce tech­ni­cal and non-tech­ni­cal losses, in par­tic­u­lar through the in­stal­la­tion of pre­pay­ment me­ters. -PB News

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