Category: Middle East & Africa Deal Watch

EIB grants EUR65 million to Tunisian STEG

The 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...

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Cameroon borrows USD165 billion for 400 kV Nachtigal–Bafoussam line

Cameroon 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.

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KFAED signs loan agreement with GCCIA for extending grid connection

The 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.

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Senegal’s Senelec to receive loan from ITFC

International 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.

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