Africa Development Bank to fund $145M Kenya-Tanzania power line

The African Development Bank Group (AfDB) has approved a $145 million loan to fund the construction of an electricity supply line between Tanzania and Kenya, the lender said on Thursday, boosting efforts to integrate regional power connections.

AfDB said in a statement that project will involve the construction of a 508-kilometer transmission line between Kenya and Tanzania, along with associated substations with the capacity to transmit 2,000 megawatts of electricity in either direction.

Read more: Africa Development Bank to Fund $145m Kenya-Tanzania Power Line – Frontier Markets News – Emerging & Growth Markets – WSJ.