Cameroon: AfDB loan for Kribi expansion
Issue 315
- 14 Jan 2016
| 1 minute read
The African Development Bank (AfDB) on 17 December approved a €24m ($27m) loan for the expansion of the Kribi gas power plant. The expansion project will increase the capacity of the 215MW plant, which has been operating since May 2013, to 340MW. The loan was approved under the AfDB’s New Deal on Energy for Africa initiative, which aims to help achieve universal energy access in Africa by 2030.
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