Oman’s high voltage grid developer, Oman Electricity Transmission Company (OETC), has recently acquired electrical transmission networks in the Governorate of Musandam and the Wilayat of Haima in Al Wusta Governorate from Rural...
Read MoreThe European Investment Bank (EIB) has granted funds worth EUR65 million to the Tunisian electric company, Société Tunisienne de l’Electricitéet du Gaz (STEG), to strengthen its transmission network and rehabilitate the...
Read MoreThe International Development Association (IDA), the concessional financing arm of the World Bank, has recently allocated funds worth USD311 million under the Regional Emergency Solar Power Intervention (RESPITE). The project...
Read MoreThe Central Bank of Nigeria (CBN) has provided a USD250 million intervention fund for the improvement of the country’s electricity infrastructure. The fund is intended to purchase and repair vital interface infrastructure, and...
Read MoreStandard Chartered Bank, in cooperation with Sumitomo Mitsui Banking Corporation, has announced the provision of funds worth USD566.4 million to the Saudi Electric Company (SEC) for the Egypt–Saudi Arabia Grid Interconnection...
Read MoreJordan’s state-owned National Electric Power Company (NEPCO) is expected to receive a loan worth USD45 million from the European Bank for Reconstruction and Development (EBRD) for construction of a 400 kV transmission station in...
Read MoreThe French Development Agency (AFD) and European Union (EU) have signed a grant agreement worth EUR25 million with the Nigerian government for the development of the Northern Corridor Project. The project is being implemented by...
Read MoreThe Saudi Electric Company (SEC) has raised over USD3.56 billion to support its long-term growth …
Read MoreThe Export-Import Bank of India (Exim Bank) has approved a USD164.69 million (or about XAF97.8 billion) loan to construct a power line between Nachtigal and Bafoussam to evacuate electricity from the future 420 MW Nachtigal hydroelectric plant, in the Center region of Cameroon to the West region.
Read MoreThe African Development Bank (AfDB) has approved USD180 million in loans to improve transmission and last-mile connectivity. The project will include the construction of 137 km of high voltage line and six substations to strengthen the grid.
Read MoreCameroon will borrow USD164.69 million to construct a power line between Nachtigal and Bafoussam to evacuate electricity from the future 420 MW Nachtigal hydroelectric plant, in the Center region of Cameroon, to the West. A loan agreement was signed with Export-Import Bank of India (Exim Bank) for USD164.69 million (or about XAF97.8 billion), for the financing of the 400 kV transmission line, as well as related works.
Read MoreThe Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement worth USD115.5 million with the Gulf Cooperation Council Interconnection Authority (GCCIA) for financing of the development of the GCC electricity interconnection system and further connecting it with the Iraq’s grid.
Read MoreUK-based independent power producer (IPP) Globeleq, in partnership with Portuguese power producer Source Energia, and Mozambique’s national electricity company Electricidade de Moçambique (EDM), have achieved financial closer of Cuamba solar project in Mozambique.
Read MoreGermany’s KfW development bank has granted funds worth EUR20 million to Namibia’s government-owned electric utility company, NamPower, for the development of the African country’s first grid-scale battery storage project.
Read MoreThe Projet d’interconnexion du réseau électrique Cameroun-Tchad (PIRECT) or the Cameroon-Chad Electricity Grid Interconnection Projecthas received an approximately USD 306 million financial boost from the World Bank Group.
Read MoreInternational Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has approved a loan of EUR100 million to Senegal’s national electricity company Société Nationale d’électricité du Sénégal (Senelec) to give a boost to the energy sector.
Read MoreTanzania Electric Supply Company (TANESCO) has signed a USD30 million deal with Indian technology firm Tech Mahindra to improve efficiency in the power utility company, which is undergoing transformation.
Read MoreThe Egyptian Electricity Transmission Company (EETC) has signed an EGP4 billion loan deal with the National Bank of Egypt (NBE), Commercial International Bank-Egypt (CIB), Banque du Caire, and the National Bank of Kuwait (NBK).
Read MoreThe African Development Bank (AfDB) has approved a grant worth USD6 million for launching the initial phase of the Desert to Power West Africa Regional Energy Programme, which is an AfDB initiative expected to transform the Sahel region by harnessing the region’s abundant solar potential.
Read MoreThe Export-Import Bank (EXIM Bank) of India has extended a loan of USD35.26 million for executing a 225 kV transmission line project in Senegal, which is being executed by Indian engineering, procurement and construction (EPC) major Kalpataru Power Transmission Limited (KPTL).
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