African Development Bank Group approves $110 million for Ethiopia's first 300MW independent wind power project
Ethiopia, July 16 -- The Board of Directors of the African Development Bank Group (the Bank Group) has approved, on 15 July, a financing package of up to $110 million to support the development of the 300 MW Aysha Wind Project, Ethiopia's first wind-based Independent Power Producer (IPP) and, once completed, the country's largest wind power plant.The project's estimated cost is $508 million. The Bank Group is providing a loan package that includes up to $80 million from the ADB window, $20 million from the Clean Technology Fund and $10 million from the Sustainable Energy Fund for Africa. The Bank will also help mobilise an additional debt package of $381.1 million from other development finance institutions.Developed, owned and operated by ...
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