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Ethiopia secures financing for a transmission project in eastern part

The African Development Bank (AFDB) has approved US$104m in financing to the Ethiopian government to finance a power transmission project to improve power supply in the eastern part of the country. The project will involve the construction of 157 km of 400 kV double-circuit transmission lines and associated substations at Harar, Jijiga and Fafem. These will boost the power transfer capacity in the eastern part of Ethiopia. The project will serve as a take-off point for future power interconnection to Somalia.

The financing includes a U$52m grant from the African Development Fund, the AFDB’s concessional lending arm and a US$52m soft loan drawn from Korea’s Economic Development Cooperation Fund under the Korea – Africa Energy Investment Framework Agreement.