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Madagascar: The African Development Bank approves $43 million loan to finance second phase of power transmission project


(AfDB ) - The Board of Directors of the African Development Bank has approved a loan of UA 30 million ($42.9) million to finance the second phase of a major power transmission and interconnection project in Madagascar.
The Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II) includes the construction of a 135-km, 220 kV interconnection line between the capital Antananarivo and the central industrial city of Antsirabé.
The project will help to feed the power generated by the Sahofika Hydropower Plant into the national grid, supplying some 8 million people with affordable, clean energy.
The financing comprises a loan of UA 20 million ($28.6 million) from the African Development Fund (ADF), the concessional lending window of the Bank, and a loan of UA 10 million ($14.3 million) from Pillar 1 of the Transition Support Facility (TSF), the Bank’s financing mechanism for fragile and transition countries. ....

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The African Development Bank Approves $43 Million Loan for Madagascar


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The Board of Directors of the African Development Bank has approved a loan of UA 30 million ($42.9) million to finance the second phase of a major power transmission and interconnection project in Madagascar.
The Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II) includes the construction of a 135-km, 220 kV interconnection line between the capital Antananarivo and the central industrial city of Antsirabé.
The project will help to feed the power generated by the Sahofika Hydropower Plant into the national grid, supplying some 8 million people with affordable, clean energy.
The financing comprises a loan of UA 20 million ($28.6 million) from the African Development Fund (ADF), the concessional lending window of the Bank, and a loan of UA 10 million ($14.3 million) from Pillar 1 of the Transition Support Facility (TSF), the Bank’s financing mechanism for fragile and transition countries. ....

Indian Ocean , Mohamed Cherif , Bank New Deal On Energy For Africa , Power Transmission Network Reinforcement , Bank Country Strategy Paper , African Development Fund , National Energy Policy , African Development Bank , Interconnection Project , Sahofika Hydropower Plant , Transition Support Facility , Country Strategy Paper , New Deal , Power Africa , இந்தியன் கடல் , பவர் பரவும் முறை வலைப்பின்னல் வலுவூட்டல் , வங்கி நாடு மூலோபாயம் காகிதம் , தேசிய ஆற்றல் பாலிஸீ , மாற்றம் ஆதரவு வசதி , நாடு மூலோபாயம் காகிதம் , புதியது ஒப்பந்தம் ,

Madagascar: The African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project


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18/12 - 10:20
The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a loan of UA 30 million ($42.9) million to finance the second phase of a major power transmission and interconnection project in Madagascar.
The Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II) includes the construction of a 135-km, 220 kV interconnection line between the capital Antananarivo and the central industrial city of Antsirabé.
The project will help to feed the power generated by the Sahofika Hydropower Plant into the national grid, supplying some 8 million people with affordable, clean energy.
The financing comprises a loan of UA 20 million ($28.6 million) from the African Development Fund (ADF), the concessional lending window of the Bank, and a loan of UA 10 million ($14.3 million) from Pilla ....

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African Development Bank Group (AfDB) / Press release | Madagascar: The African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project


Madagascar: The African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project
The project will help to feed the power generated by the Sahofika Hydropower Plant into the national grid, supplying some 8 million people with affordable, clean energy
ABIDJAN, Ivory Coast, December 18, 2020/APO Group/
The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a loan of UA 30 million ($42.9) million to finance the second phase of a major power transmission and interconnection project in Madagascar.
The Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II) includes the construction of a 135-km, 220 kV interconnection line between the capital Antananarivo and the central industrial city of Antsirabé. ....

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