DR Congo: India funds transmission and distribution infrastructure for new dams
- 12 Jun 2015
| 3 minute read
The Export-Import Bank of India has agreed two more loans totalling $144.44m to fund transmission and distribution infrastructure to evacuate power from the Katende and Kakobola dams being built by Angelique International Ltd (AIL) and Bharat Heavy Electricals Ltd.The letter of credit agreements were signed in Abidjan during the African Development Bank annual meetings on 28 May. One was for $109.94m for the evacuation of power from the 64MW Katende dam in Western Kasai, and the other for $34.5m for power distribution from the 9.3MW Kakobola dam.
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