ADB finances two electricity projects in Mali
8 June 2011
Last Thursday, Mali signed a loan agreement with the African Development Bank (ADB) for 100 million dollars to finance two electricity generation projects, reports the PANA press agency.
The sugar project in Markala (PSM) was allocated 96 million dollars. This involves the improvement of 14,132 hectares of plantations.
A processing plant will be constructed for the annual production of 190,000 tonnes of sugar, 15 million liters of ethanol and 30 MW of electricity.
The second project was awarded a total of about four million dollars and is intended to finance studies relating to the route of an interconnector for the electricity networks of Mali and Guinea-Conakry.
This interconnector will increase exchanges of electric power and also promote regional integration, based on the dam at Fomi, on the Sankarani, in Guinea, which will have an estimated installed capacity of 90 MW giving an annual output in the order of 360 GWh.