ADB To Provide US$150mn Loan To Zambia


News: The African Development Bank (ADB) has announced that it will provide a US$150mn loan to the Za mbian government, reports Power- Technology. The loan will be used to finance the construction of the 300MW Maamba coal-fired power plant. The facility, which is being built in Sinazongwe District, is scheduled to commence commercial operations in October 2014. It is intended to help ameliorate the number of power shortages that have recently occurred within the country.

This article is tagged to:
Sector: Infrastructure
Geography: Zambia