WB grants additional loan of 116.7 million Dollars to Democratic Republic of the Congo
23 February 2010
The World Bank has granted a loan of 116.7 million Dollars to finance a project for upgrading electricity infrastructures in the DRC.
This financing, the agreement for which was signed on 18 February 2010, will come within the framework of the Southern Africa Energy Market Project, which has already received 130 million Dollars from the WB.
The aim of this project is to upgrade the infrastructures for the production and transport of electricity between Inga, Kolwezi, and Kasumbalesa, in order to facilitate the development of an efficient electricity market in the region.
It also involves increasing production, transport, and distribution capacities, as World Bank representative Ms. Marie-Nelly explained at the signing of the agreement.
Still in the sector of electrical infrastructures, Alstom has secured a contract worth 90 million Euros in South Africa.
This is for the installation of a control system at the Kusile power station, according to the AOF press agency, with the aim being to obtain more efficient energy management.