Zambia: EIB and AfDB provide $120m to Itezhi-Tezhi


Issue 246 - 17 Jan 2013 | 1 minute read
The European Investment Bank (EIB) and African Development Bank (AfDB) have signed loan agreements totalling about $120m for the 120MW Itezhi-Tezhi hydro plant and transmission line project on the Kafue River. The AfDB’s loan of $55m was approved by the Bank board in June and signed on 19 December, while the EIB has agreed to provide €50m ($67m).

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