The facility, approved on 17 December, supplements the $196m loan granted by the African Development Bank to the project in 2005. The total cost of the project is estimated to be $764m.
Spain’s Abengoa is building the 472-MW hybrid plant. The client is state electricity company Office Nationale de l’Electricite.
The new unit will help meet local electricity demand, which is growing at 6-8 per cent a year.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.