Saturday 7 October 2017

Power Sector Gets Record High Loan- addisfortune

The Ethiopian Electric Utility (EEU) acquires half a billion dollars concessional loan from the Chinese government for the rehabilitation of electric power distribution lines in 54 towns and to construct distribution centres at 17 industrial parks. This is the highest loan secured by the institution so far. The finance was granted through the State Grid Corporation of China, which is going to undertake the project.

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