Chinese SGCC provides USD1 billion loan for Ethiopian transmission project
China Electric Power Equipment and Technology Company Limited (CET), a subsidiary of China’s largest transmission system operator (TSO) State Grid Corporation of China (SGCC) has signed a USD1 billion loan agreement with the Ethiopia’s state-owned vertically integrated power utility Ethiopian Electric Power Corporation (EEPCo) for the construction of the Grand Ethiopian Renaissance Dam (GERD) power transmission line project.
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