Loading...
See More

Niger secures $203m for hydroelectric dam

Dec 16 2012 17:14 Reuters

Related Articles

Africa can feed itself - World Bank

SA, DRC to revive Inga power project

Moz to build second hydro-electric dam

Nigerian militants threaten SA investments

Lagarde wraps up West Africa trip

Canadian firm wins Nigerian power contract

 
Niamey - The World Bank finalised a deal on Friday to loan Niger $203m to help finance the second phase of the West African nation's Kandadji hydroelectric project.

Located on the Niger River 160km northwest of the capital Niamey, the Kandadji dam will have a capacity to produce 130MW of electricity.

Upon completion in 2017, it will also help increase the arid, land-locked nation's available arable land by improving access to irrigation.

"Kandadji is important to us, because it will boost the irrigation and electric energy sectors, create jobs as well as increase agricultural production," World Bank Managing Director Sri Mulyani Indrawati said after signing the agreement.

Niger, one of the world's poorest countries, suffers from frequent food shortages due to irregular rainfall and rapid population growth.

Plagued by almost daily power outages, it imports around 70% of its electricity from southern neighbour Nigeria.
 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

niger

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The Fast and Furious R40 million

With the Fast and the Furious 7 hitting South African cinema’s this April, all eyes are on the cars and we’re in for a treat!

 
 

Luxury living

This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...