Development Bank Loans Money for Energy in Africa

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February 8, 2014

By Dr. Tyra OldhamLANDsds Sustainable Voice News

The development of  energy investment  is key to energy development and sustainable energy.  The capacity for energy is advanced by commitment to finance short and long-term projects. Energy investment underpins energy project development to advance capacity building.  The growth of an energy driven economy is scaffold by investors to fuel energy development.  The work of the “African Development Bank Approves Loan to Rwanda for Energy Projects” to support infrastructure.

The Bank shall defray the facilities of the hydroelectric project Rusumo Falls, in the southeast of Rwanda, bordering Tanzania.

The news from “the government of Rwanda and the African Development Bank (ADB) signed an agreement for a loan of 40 million USD to finance various projects in the sector of energy, according to radio reports. The sources quoted Permanent Representative of the ADB in Kigali, Negatu Makonnen, as stating that with this support the capacity and the access to sustainable energy in this small country of East Africa will be strengthen. According to Makonnen, the Bank support also reduces the price of electricity, because it helps to reduce the power cuts persisting in recent years. The project has two components: a hydroelectric plant that generates 80 megawatts and the relay transmission lines,” reports Prensa Latina.

As energy and projects become global, transnational importance on current  energy development has related world implications on economy and investment.

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Posted in Africa, Business, Economics, Energy, Energy Investment, Energy Speculators, Hydropower, Infrastructure, Sustainability Nexuses, Utility, Voice News, World News

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