African Bank Launches $1.26B Kenya-Ethiopia Power Project

Law360, Los Angeles (May 7, 2013, 6:23 PM EDT) -- The African Development Bank on Tuesday announced the launch of a $1.26 billion electricity highway that will merge Kenya and Ethiopia's national grids, facilitating power trade in East Africa through 1,068 kilometers of high-voltage transmission lines, according to a Tuesday statement.

The Eastern Electricity Highway Project, which is partially funded by a $348 million AfDB loan and a $338 million investment from the U.S., will allow Ethiopia to sell its surplus power to Kenya in an effort to alleviate the latter country's severe power shortages. The...
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