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AfDB and Tanzania sign $140m loan to finance Malagarasi hydropower plant

AfDB and Tanzania sign $140m loan to finance Malagarasi hydropower plant
The agreements cover a $120 million sovereign loan from the Bank and $20 million from the Africa Growing Together Fund (AGTF), administered by the Bank.
AfDB | Updated: 28-05-2021 10:28 IST | Created: 28-05-2021 10:28 IST
The project is one of six transformative infrastructure projects, with a total value of $1.12 billion, that the African Development Bank has approved in Tanzania over the last three years. Image Credit: Pexels
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The African Development Bank Group and the Government of Tanzania have signed loan agreements totalling $140 million to finance the construction of the 50-megawatt Malagarasi hydropower plant in Western Tanzania. ....

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AfDB grants Tanzania $140m loan for hydropower project

Project aims at providing reliable renewable energy to households, schools, clinics and small and medium-sized enterprises in Kigoma. ....

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Tanzania: African Development Bank Group signs loan agreements for $140 million to increase power generation

The African Development Bank Group (www.AfDB.org) and the Government of Tanzania have signed loan agreements totalling $140 million to finance the construction of the 50-megawatt ....

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