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LOANS & CREDITS

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July 12, 2012



IDA Credit (Ethiopia): US$243 million equivalent
IDA Credit (Kenya): US$441 million equivalent
Terms: Maturity = 40 years Grace = 10
Project ID: P126579

Project Description: The project will connect Ethiopia’s electrical grid with Kenya, create power-sharing between the two countries, reduce energy costs, promote sustainable and renewable power generation, and pave the way for more dynamic regional cooperation between the countries of East Africa.

 


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